📉 Even dogs don't play with Ethereum as it plummeted yesterday, dangerously rebounding around the 2000 mark in the morning! Short-term opportunity or greater risk?

Yesterday's Ethereum (ETH) can be described as a rollercoaster ride! It had surged dramatically the day before, only to fall back to square one yesterday, not only giving back all its gains but also hitting a new low, reaching around 2000, before a significant rebound that formed a V-shaped trend.

💡 Key levels for ETH/BTC exchange rate

The ETH/BTC exchange rate also dropped back to 0.024, leading the market to speculate—could it form a 'double bottom' with the 0.023 level from February 3 and then rebound? If it stabilizes, it could be a good reversal signal. But if it can't hold, it may continue to explore lower levels.

🔥 2000 USD—key battleground!

From a technical perspective, the 2000 level is really critical. If it can hold, there may still be a chance for a short-term rebound; but once it effectively breaks below, the situation could become quite tricky, potentially accelerating the decline and increasing market pressure.

📌 Short-term opportunities vs long-term risks

Aggressive traders: Consider taking a gamble on a short-term rebound, but strict stop-loss measures are necessary to prevent further market declines.

Conservative investors: If ETH really breaks below 2000, caution is advised, as it may lead to even lower prices.

📊 Current key levels

Support level: around 2000 USD

Resistance level: 2250 USD

⚠ Summary: Keep a close eye on the 2000 USD mark!

There are expectations for a short-term rebound, but if it effectively breaks below 2000, it would signal danger; even the E-guard 💂 can't stop it, and a larger adjustment may be on the way. The market remains volatile, so remember to set stop-losses when trading to avoid being caught by sudden large fluctuations! 🚨#ETH