Greeks.Live: The community is generally bullish on Ethereum, but some are concerned that it may fall back to $2600

Macro analyst Adam from Greeks.Live released a briefing for the Chinese community, revealing that the community generally holds a bullish attitude towards Ethereum, believing that it has potential to surge to $4000 after breaking through $2800.

Some opinions believe that being able to break through $2750 under low liquidity during weekends shows strong momentum, but there are also concerns about possible fallbacks to $2600.

The options market shows a negative Gamma state within the range of $2700-$3900, implying that volatility may intensify. Market makers need Delta hedging at current positions and the upward trend may continue. In terms of market structure, there is little resistance against rapid rises.