I just saw the story of Huang Licheng (Maji) and what happened to him is pretty heavy. This guy had a long position in ETH that suffered partial liquidation, losing 1,212 ETH about $2.28M all at once. His account dropped brutally, leaving only $9,289.27 in balance. Can you imagine the feeling? But the most interesting part is that he didn’t give up. With the remaining $10,000, he opened a new long position with a stop at $1,927. In other words, if this gets liquidated, it ends the $250,000 rotating strategy he’d been trying for months. Looking at his history, over the last 5 months he made 164 long attempts across various cryptos, with 19 of them just in ETH. He deposited approximately $15.68 million into Hyperliquid, but almost everything turned into losses. It’s the kind of thing that shows how dangerous leveraged trading can be, even for someone who’s committed. Most of his positions simply didn’t work out, and now he’s teetering on the edge with this last chance.

Just been looking at Ethereum's chart and noticed something interesting - there's a pretty textbook inverse head and shoulders pattern forming on the macro timeframe. If this plays out, we could be looking at a $7,000 target, which is pretty significant from where we're trading now around $2,400. The pattern has been building over a couple of years. You had the left shoulder dip back in 2022-2023, then the head bottomed lower in 2024 during the bear pressure, and now the right shoulder is shaping up recently. The neckline resistance sits between $4,000-$4,500 range, and honestly if ETH breaks decisively above that with volume, the head and shoulders pattern would be confirmed and could trigger some real upside momentum. What's supporting this setup is the fundamentals look pretty solid right now. Layer-2 scaling solutions are actually delivering on the scalability promise, and the supply dynamics are deflationary which helps. On-chain activity is picking up too - daily transactions are over 1.2 million and DeFi TVL is approaching $100 billion. That's real usage, not just hype. Obviously you gotta watch out for macro headwinds and regulatory stuff that could mess with the pattern, but if the head and shoulders pattern holds and we see that breakout, could be an interesting move ahead. Just keeping an eye on it for now.