Tonight, $ETH will directly drop down, and it is estimated that it will need to adjust for a few more days. According to the experience from the last round of consolidation, the operator will likely continue to use wide fluctuations for operations.
In the last round, it consolidated in a range of about 200 points between 1500-1700, and this time the range is estimated to be between 2500 and 2700.
Of course, if it rises to 2750 tonight, just disregard what I said. However, looking at the current rebound strength, it will at least need to test 2620 once more.
The safest approach is to accumulate small positions in batches within the range of 2450 to 2550, and exit if it breaks below 2400.
