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

Yesterday's daily candlestick with a large bearish bar directly dropped 192 points, and the trading volume exploded—850,000 in volume far exceeded the 20-day average level. What signal does such a volume plunge send? Capital is fleeing, and it's fleeing urgently. However, interestingly, today's volume suddenly shrank, and the main players have entered a wait-and-see mode.

The technical aspect is more interesting: the daily MACD has just formed a death cross, but the hourly chart has already shown a bottom divergence. The early session rebound touched 2825 and was pushed back down, and we are currently in a standard descending channel, with each high being lower than the last.

Let me share my thoughts—this position is suitable for gradually building long positions. At 2750, you can tentatively open a 2% base position with 100x leverage; if it continues to dip to 2725, then increase the position by another 3% with the same leverage. Set the stop loss at 2700, which is both a psychological barrier and the last line of technical support.

What about the target? First, look at the oversold rebound area at 2825. If it stands firm, it shouldn't have much trouble reaching 2850. Friends with short positions should pay attention to the resistance level at 2875; if it breaks, be sure to cut losses in time.

The market presents opportunities; it all depends on whether you dare to take them on. Both bulls and bears make money, the key lies in execution!