This week is dominated by high altitude, and we should sell on pressure!

Ethereum, the last wave started with a short from 2875, dropped 400 points. It has rebounded somewhat, but the situation is still not optimistic.

From the weekly candles perspective, there are five consecutive small candlesticks with long upper shadows, and the selling pressure above is evident. The emotional impact from the previous oversell still needs time to digest!

Moreover, there is a phenomenon with Ethereum recently: every strong movement is bound to reverse, which can be verified by looking at past performances. At this time, caution is required; Ethereum seems strong, but we must also be wary of free fall.

Short around 2600, target 2480, with a breakdown level at 2400!