#美国非农就业数据未达市场预期 Ethereum today broke through the 3300 USDT key level strongly, rising to 3355, with a 24-hour increase of over 8%. The bearish camp instantly collapsed—

The total liquidation on the network reached $209 million, with short positions accounting for more than 70%, and nearly 90,000 traders were forced to liquidate in this wave. The largest single liquidation amount reached $2.95 million, and market sentiment was extremely volatile.

The driving forces behind the market are not hard to find: BTC short liquidations exceeded $60 million, ETH short liquidations approached $30 million, and short positions were completely suppressed by longs. On the macro front, the latest US CPI year-over-year data was released at 2.7%, slightly above expectations, but core inflation remained stable, and rate cut expectations are still brewing. CME futures data shows only a 26.8% chance of rate cuts in March, with the short-term policy tone remaining cautious, but market sentiment has been ignited.

Good news also comes from the Ethereum ecosystem. Among Ondo Finance’s on-chain RWA assets, 77% of TVL is deployed on the Ethereum network, accounting for 11.6% of the sector—this is enough to demonstrate how solid Ethereum’s position as the settlement layer is.

The market is warming up, and the main index has stabilized above the key trend line. But remember, opportunities are often hidden within volatility. Don’t be blinded by the upward trend to chase highs; proper risk management and phased position building are the keys to long-term profits. Is this wave of market movement a new starting point or a trap for shorting? What do you all think?