The trend of $ETH is completely as I predicted. First, it was 2480-2500 to allow everyone to gamble on the rebound. After taking profit at the 2550-2570 position, we will see whether to open a short position. Yesterday, the market rose to a high of 2569 before starting to correct, perfectly hitting the take profit level I mentioned and providing an opportunity to short at a high position.

The 8% drop from the high of $ETH has led those who shorted at 2550-2570 to experience a mental climax in the early morning. Currently, ETH has reached the key daily support level of 2380. It will recover a bit from the early morning drop over the weekend. I’m not sure how much it will recover. If the market funds are strong, it may recover to around 2490-2500. If the market funds are not strong, it will be difficult to go above the 2450 level. If you open a long position near 2400, you can observe the market sentiment. If something seems off, exit in time; don’t get stuck in the situation.

The significant reduction in ETH spot CVD is the main reason for yesterday's drop. An increase in open interest indicates that more people are betting on a rebound at the support level. If it rises, everyone will be happy, and the market will continue to fluctuate within the range. If it drops, it may really go to around 2200.

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