#ETH走势分析 After a continuous downward movement, can Ethereum still be bought at this position?

Recently, the major cryptocurrencies have experienced a significant fall, to put it simply, the news is just too bad—panic sentiment is spreading, and ETF funds are flowing out wildly. However, looking closely at the market, Bitcoin has already held its key support at the weekly level and has started to rebound. Moreover, on-chain data shows that a whale has just staked 40,000 Ether, and institutional funds are quietly entering the market.

From a technical perspective, $ETH has a solid buy support in the range of 2780 to 2800, which should hold in the short term. Looking upwards, 2850 is the first hurdle, where nearly 250 million USD in short positions are waiting to be triggered – if the US stock market opens stable tonight, it's not impossible to see a surge that directly wipes out these shorts.

So I personally tend to think that this wave of Ethereum has a rebound opportunity, especially around the US stock market hours when there might be some movements. Of course, the market is ever-changing, and everyone should operate according to their own risk tolerance, and not blindly go all in.