$ETH ETH contracts have surged wildly over the past two days, aiming at the upper Bollinger Band resistance level. Behind the 7.1 billion unliquidated contracts are疯狂押注 by leveraged funds. The frenzy-driven market masks underlying concerns, with overbought signals already flashing. Resistance above $3200 is heavy, and there is a hidden risk of liquidation reaching hundreds of billions. Amidst the feast, clarity is needed; chasing gains at high levels is like stepping on a knife's edge. Be cautious of chain reactions and corrections after the emotional tide recedes. Only by safeguarding positions can one remain steady and undefeated amid volatility.