$ETH's trend is completely within my predictions. First, 2480-2500 let everyone gamble on a rebound. After taking profits at 2550-2570, we'll consider opening short positions based on the situation. Yesterday, the market peaked at 2569 before starting to pull back, perfectly hitting my take-profit level and providing an opportunity to short at a high.
$ETH has dropped 8% from its peak. Those who shorted at 2550-2570 experienced a direct thrill overnight. Currently, ETH has reached a key daily support level at 2380. The market may recover a bit from the drop during the weekend; it's unclear how much it will recover. If market liquidity is strong, it might recover to around 2490-2500. If market liquidity is weak, it will be difficult to rise above 2450. If entering long positions around 2400, it's advisable to observe market sentiment. If something feels off, exit promptly; don’t be stubborn.
The significant decrease in ETH spot CVD is the main reason for yesterday's drop. An increase in open interest indicates more people are betting on a rebound at support. If it rises, everyone will be happy, and the market will continue to oscillate within the range. If it drops, it might really head toward the 2200 level.