What do you think about tonight? Is it better to look for support around 2050? If there's a rebound, 2130 is also the nearest resistance level. Although you're not in Xinghe's internal strategy group this time, as long as you follow Xinghe's ETH blog post, you won't necessarily make huge profits, but it's always hard to lose money. $ETH

ETH Evening Outlook

Considering the current selling pressure:
Scenario A: Continuous decline (more likely)
If ETH cannot hold steady around 2080, during the evening US stock market open or late-night hours, the price may further seek a bottom, finding support near 2050. Market sentiment is currently cautious, lacking significant positive catalysts for a rebound.
Scenario B: Narrow range consolidation at low levels
If the buy support in the 2077 - 2080 range holds, ETH may oscillate back and forth between 2080 and 2100. Due to obvious selling pressure above today, it will be very difficult to recover the 2130 high tonight.
Recommendations:
Bullish strategy: Currently, it is not advisable to blindly buy the dip on the left side; wait until the price stabilizes above 2100 before considering a light position.
Bearish strategy: If the price rebounds to around 2100 and faces resistance, or if it effectively breaks below 2075, it could be a signal to short the trend.
Pay close attention to speeches from key officials and the Middle East; crude oil falling and crypto rising. Conversely, if crude oil rises, crypto may fall. $ETH