Ethereum Current Market Analysis: The current price of Ethereum is 2513. The slight pullback can basically be determined as a false signal for shorts. Currently, the minor resistance level above is around 2560, and it is highly likely that it will test this level and break through with a bullish candle. No other resistance levels have been observed. Long positions can currently be seen above 2640; specific adjustments will be made if there are any changes. This time, we are not looking for a rebound but rather a reversal. Currently, the bearish factors have almost been exhausted, and the bulls have been cleared out relatively cleanly. We went from bearish yesterday to bullish today, mainly because the short sentiment among retail investors is increasing, which can be seen as a counterparty for the main short positions to take profits. Currently, there are no conditions for a major downturn in the market. Long positions can be held with confidence, and there is no need to panic too much. If this market cannot clear out the shorts, it is highly likely that the bull market is truly over.
