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Around 2300 points of fluctuation, is harvesting your illusions
Stop fooling yourself, "This is just a pullback, it will rise soon"! The price is hovering around 2300, and the resistance level at 2337 is like a wall of copper and iron, hitting it down every time, bulls can't even put up a decent fight!
What you think is "bottoming through oscillation" is essentially the bears boiling the frog in warm water.
Once the support at 2288 breaks, the low point at 2251 could be pierced again at any time,
In this 1-hour candlestick chart, every rebound is a chance to escape, but you take it as a signal to add positions. The high at 2348 is getting lower and lower, every push upward gets smashed down, the trend has already turned downward, but you still fantasize about a "big bullish candle coming soon"?
Right now, ETH is a typical weak oscillation, dominated by bears. If 2337 isn't broken, the bulls have no say; once 2288 is broken, the next target is 2250 or even lower. You either play short-term with stop-losses or just go flat and watch the show—don’t keep your principal wasting away in this dead water!
Want to know where the key turning signals are? How to avoid being repeatedly harvested in this volatile market? Follow me, I’ll break down the upcoming key levels for ETH’s bulls and bears and explain the trading ideas clearly.
⚠️ Brothers chasing high longs: If your position is heavy, reduce your position and exit around 2337 during the rebound, don’t wait for the main force to rescue you—this is not a charity market.
👉 Short-sellers: The 2320-2340 range is an excellent opportunity for a second short, set your stop-loss above 2351, target first at 2288, then look at 2250.