Good morning everyone! Let's talk about the recent trend of ETH.

A large bearish candlestick on the daily chart has directly dropped down, falling 192 points in a single day, with volume significantly increasing. The short-term selling pressure is indeed heavy, and a clear downward channel can be seen forming on the hourly chart. This morning, the rebound touched around 2825 but was pushed back down, with each high point lower than the last.

A few words on the technical side: the daily MACD has already formed a death cross, but a bottom divergence signal has appeared on the hourly level. Yesterday, the trading volume exploded to 850,000 lots, far exceeding the 20-day average, indicating that large funds are offloading. However, the volume has now shrunk again, suggesting that the big players are sitting on the sidelines, waiting for direction.

This is how I see it in terms of operation: at the 2750 position, you can try a small long position with 2% of your capital by opening a 100x contract to establish a base position. If it continues to dip to 2725, then add another 3% position. Set the stop loss at 2700, which is both a psychological barrier and a technical support level.

The take-profit target is at the oversold rebound level of 2825; if it breaks, then look at 2850. For short positions, 2875 is a key resistance level; discuss further if it breaks here.

The market has given opportunities, it just depends on whether you dare to take them. The greater the volatility, the more opportunities there are; let's endure this round of adjustment together!