#ETH is currently a bit dangerous, be cautious in your operations, don't blindly try to catch the bottom, remember 'as long as the green mountains remain, one need not worry about firewood,' preserving the principal is the most important.
ETH is currently a bit weak, having fallen from $2436, and after rebounding to $2600, it has weakened again, currently hovering around $2538, like you trying hard to jump up, only to hit the ceiling and fall back down, unable to rise.
The 7-day moving average ($2546) is being pressured by the 30-day moving average ($2674), indicating a weak short-term trend.
ETH may continue to explore downwards in the short term, lacking upward momentum, and technical indicators are also weak. Of course, there is also the possibility of sudden good news that could drive it up, but this probability is quite small, just like winning the lottery; although possible, don’t count on it.
Don't rush to catch the bottom; wait for the price to stabilize before making a move. For example, if it can hold steady around $2550, then consider entering. If the price directly breaks below $2500, be even more cautious, as it may continue to go down.
If you are optimistic about ETH's long-term development, you can build positions in batches, but don’t go all in; now is not the best time.
Regardless of short-term or long-term, set stop-loss orders, for instance, if it falls below $2500, step out and reassess. Stop-loss is like a car's brake; it can save your life at critical moments.
Opportunities are fleeting, a pullback is imminent, catch the bottom to layout your spot, and the altcoins' profits await you! Doubling your investment is not a dream, click on my profile and follow me, let's attend the bull market feast together!