On February 15, 2023, market sentiment is cautious. What other profit opportunities are there?
Two weeks ago, a whale built a position of 3000 ETH at $2615 and has since taken profits of $348,000, indicating short-term volatility and profit opportunities. The net inflow situation from ETFs is good, and institutions still have confidence in ETH. The recent increase in NFT market activity may also drive ETH demand.
Strategy recommendation: Short-term support at 2570~2530 (quick in and out), second support at 2445~2395, short-term resistance at 2730~2780, comprehensive pattern resistance at 2930~3025,
Note: Be cautious of significant drops after small increases. If there is a decline, one can try to catch a rebound. In case of a sharp decline, the alternative range is 2210~2166 (low probability).