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Golden Finance reported that independent analyst Poseidon stated that ETH experienced the "last fall" last weekend, falling to $2,382, but immediately rebounded to over $2,500 within 48 hours. The trader explained that ETH regained the 200-day EMA level within an 8-hour time frame, and the weekend's fall was a "Bear Market trap/deviation", with the "lowest retracement point" before setting a new historical high possibly at $2,500. The analyst stated, "If it holds above $2600, I will add more longsPosition. I still believe this range will eventually break through the upside."