Ethereum $ETH pulls back and stabilizes, about to challenge 2750 again

Good morning brothers and sisters; Ethereum has pulled back to the 14-day moving average for two consecutive days, with the lowest point of 2312-2346 considered a stabilization after the pullback, and the closing price has remained above 2400. Although currently under pressure, the 14-day moving average continues to support the price in the 2500 range. The main factor is that Bitcoin has broken through 105000 and returned to oscillate around 107000, which requires a large amount of capital to sustain, but currently the funds in the market have not increased, forcing the withdrawal of funds from other segments of the market, causing Bitcoin to return to its previous high while some altcoins are still in a weak phase, but this also gives retail investors many opportunities.

Ethereum is fluctuating sideways, and after a round of significant price increases for various coins in its sector, many coins have returned to their initial starting points. Even if Bitcoin returns to its previous high, Ethereum is only halfway up, and other altcoins have only seen slight rebounds. After a round of rebound in all altcoins, it's time to take profits when necessary; do not hold on blindly.

Many coins that pull back near the trend line can be considered for spot placements, such as ENA, ARB, NEAR, AVAX, CRV, UNI, LINK, SNX. Although these coins may not be very reliable, a round of rebound can still be captured, as long as you are not greedy and operate within the phases of the market, you can definitely achieve results. Moreover, in this position, if the market does experience a correction, you can stop-loss or reduce your position in time, but if you miss the opportunity when the upward trend starts, you'll only be able to chase high prices. As long as you do not operate with a full position, managing a 5-layer position is sufficient.