$ETH rose to around 2450 yesterday before starting to decline. In the afternoon, I sensed something was off and exited my long position. Looking back, that was a timely exit. The only regret is not going short. I was thinking of waiting for a slight dip to re-enter my long position, but fortunately, I held off. I wanted to wait until today to see the situation before re-entering long. This morning, I woke up to see the ETH price had dropped to 2250. Then I checked the news.

Oh no, it turns out the US military bombed three nuclear facilities in Iran. This kind of news is just too baffling. The ones being bombed are not Iran, but everyone's exchange balances.

With the news breaking, ETH directly broke through the 2400 range and plummeted to 2200. Long users were completely liquidated. If ETH's price continues to drop below 2200, it will approach the green channel support in Chart 4. This position was the last significant breakout point. If the market drops below this, it will have to return below 1. There are currently no chips at this position, making it a weak support area. Now we can only take it step by step.

At the 2200 position, I'm betting on a rebound, with 2170 for averaging in and 2150 for stop loss. I think that's fine.