According to Lookonchain, trader 0x2258 attempted to countertrade @JamesWynnReal by going long on $ETH and $BTC after JamesWynnReal's liquidation, expecting a rebound. However, as both Ethereum and Bitcoin prices continued to decline, 0x2258 was forced to close out his long positions, resulting in a realized loss of $388,000 (source: Lookonchain via X.com, June 6, 2025). This incident highlights the risks of rebound trading strategies and serves as a caution for crypto traders relying on liquidation events as entry signals, especially in volatile market conditions.

According to Crypto Rover, selling $ETH at current levels is strongly discouraged due to ongoing bullish momentum, as highlighted in his tweet on April 28, 2025 (source: @rovercrc on Twitter). Rover points to recent price action and strong support zones, emphasizing that market indicators suggest further upside potential for Ethereum. Traders are advised to monitor key resistance levels and volume trends for optimal entry and exit points, ensuring risk management strategies are in place (source: @rovercrc).