The recent sharp drop in Ethereum is quite frightening, making people feel uneasy every minute! However, let's calm down and take a look at the market; the fundamental trend has not changed at all.

The necessary support levels on the technical charts are still intact, and the enthusiasm for bottom fishing hasn't waned.

So, at this time, do not let panic dictate your actions! To those thinking of going all in on short positions, I advise you to stop immediately.

Smart people are currently looking for opportunities around 2400, waiting for the price to pull back to the range of 2410-2440, which would be a good time to consider building positions in batches. Remember two things: First, always set a stop loss, and second, do not exhaust all your ammunition at once.

If this wave is correctly captured, reaching the resistance level of 2600 should not be a big issue. If the market cooperates, it might even surge all the way to around 2700. But in trading, greed is the worst enemy; remember that knowing when to take profits is the key to consistent success!