$ETH Evening Thoughts:
I don't know what the second contract is still stubbornly holding on to, but I still hope you can hang in there and not drop.
Either you drop quickly, or else it would be interesting if you compensate for the dips you haven't made these past few days.
It seems like the second contract often does this, right?
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Speaking through the chart: If the second contract breaks below this trend line in the image, the downward speed will be very fast.
For those holding long positions, as long as this trend line hasn't been broken, your long positions are still safe.
Once this trend line is confirmed broken and can't recover after a rebound, you can only stop-loss because you can't hold on. Unless you don't have a liquidation price, draw this trend line for yourself.
If the second contract breaks above 2617 with volume, consider chasing long positions on the right side; if it breaks below 2593 with volume, consider chasing short positions. Pay attention to changes in volume and set appropriate stop-losses.
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If the second contract can hold above 2627 on the hourly level, we can look up to 2651-2683; if it can't go up, then it will go down, and the lower levels will be cooler.
On the 4-hour level, if the closing price is below 2587, then it must go down; nobody can help, looking down to 2503-2458.
Continuing to look at the chart: If the second contract is going to retrace, the Fibonacci 1:1 retracement target is 2442, so do you still dare to hold your long position?
The market is like this: after killing all the shorts, there's no meat left, so it has to kill the longs. Then we wait to see where there is more meat to kill; if there's not much meat, it will consolidate and accumulate, cycling back and forth. This is the market, very cruel and very real. Meeting adjourned.