$ETH Ethereum Contract Analysis: Current Price 2427, our overall direction remains bearish, as the current market aligns very well with our previous analysis. Our main position remains to hold short. We are primarily focused on handling key levels. One is 2520; the reason for observing 2520 is that this is the second round's starting and falling point, as well as the lower edge of the previous large-scale oscillation range. There are many trapped spot traders and low-leverage contracts, and if the price exceeds this level, retail investors will start selling. If the main force wants to offload, this situation is absolutely not allowed to happen. The other is around 2440, where the main outflow data has not decreased much, but the price has not dropped as sharply in the afternoon, indicating that retail investors are beginning to bottom-fish. Another key data point: the total open interest across all platforms has changed little over 24 to 48 hours, but there has been outflow from the main force, which cannot be achieved by just the outflow of long positions; it must be accompanied by the opening of short positions.

Reaching 2520 also aligns with our observations of the highest point from a few days ago to clear out shorts. Additionally, the high point of Ethereum against Bitcoin has already begun to decline.

The above is personal analysis; investing carries risks, and the decision is up to you.