$ETH

The recent drop in ETH was mainly caused by long positions being liquidated. It now appears that a daily level correction is underway. The strong support is in the 2059-2100 range. If it can drop to this area, I will consider bottom fishing on the left side. If it holds in the 2059-2100 range, it actually looks like a breakout retest from the candlestick perspective. However, the recent rapid increase has raised everyone's expectations for ETH's price movement. Currently, ETH has risen nearly 1000 USDT from its low point, so a pullback is to be expected.

What’s quite strange this time is that I haven't seen any new funds entering the crypto space. The recent rise in ETH can be definitively attributed to the actions of the market makers. Without pulling new funds into the market, it’s actually difficult for new investors to come in and take over. The veterans in the crypto space are either out of money or very savvy; it's not that easy to cut losses.

Therefore, if the main players really want to make a big profit, they still need to create a situation for external funds to take over.