👉 The current price of Ethereum (ETH) has reached a key support level of 2380 on the daily chart. Given the downward trend observed in the early hours, it is expected that the market will experience a round of correction over the weekend.
✨ However, the extent of the correction is highly uncertain. If market funds perform strongly, the price may rebound to around 2480; if the funds are weak, it may struggle to break through the 2450 level. Looking back at yesterday's market performance, the cumulative trading volume increase (CVD) for Ethereum spot has significantly shrunk, which has been a key factor triggering the price drop.
👆 At the same time, the open interest shows a growing trend, reflecting that market participants generally bet on a rebound from the support level. If the price rises smoothly afterwards, it means that the market will continue to maintain a range-bound pattern; once the support level is broken, the ETH price may further dip, targeting the area around 2200.
If anyone feels lost due to market fluctuations and doesn't know how to deal with being stuck, or feels misled during the operation process, feel free to reach out for discussion!
