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

Yesterday, the daily chart closed with a large bearish candlestick, retracting 192 points in a single day, with a significant increase in trading volume. There is considerable short-term selling pressure, and the hourly chart shows a clear downward channel structure. After rebounding to the 2825 area in the early session, it quickly fell back, with the highs continuously declining.

From a technical signal perspective: the daily MACD has already crossed downward, but there are signs of a bottom divergence at the hourly level. Yesterday, the trading volume soared to 850,000, far exceeding the 20-day average, indicating that large funds are exiting. However, today the trading volume has shrunk again, suggesting that the main funds are on the sidelines and the market sentiment is relatively cautious.

In my personal opinion, if we are to layout, it should be like this:
You can tentatively build a position around 2750 when the price dips, controlling the position size at 2%, with a contract multiplier of 100 times. If it continues to drop to 2725, you can increase the position by 3%, also with 100 times leverage. Set the stop loss at the psychological level and technical support at 2700.

In terms of taking profits, watch for a rebound to the oversold level of 2825; if it can break through, then look for 2850. If shorting, set the stop loss above the key resistance level of 2875.

The market opportunity is right in front of us; it all depends on who can act decisively. Let’s navigate through the ups and downs of this cycle together!