Research Ethereum's peers, you should focus on studying ETH's daily candlestick chart. If you zoom out a bit, it's quite obvious that there seems to be a large bearish candle about to form. If this bearish candle comes down, it will likely hit around the 2000-point mark. In the coming days, on the 17th and 18th, the U.S. will decide whether to raise interest rates. Based on the information currently available, there will be no rate cuts in June.

Why bearish? Mainly because this position seems to have that feeling of about to break out. Speaking of breakouts, experienced players know that a large bearish (or bullish) candle is about to drop (or rise) down.