Today’s Ethereum market analysis: Structurally, last week experienced a continuous downward trend, causing heavy losses for many newcomers and even some veterans in the crypto space. It’s understandable for beginners to lose and get liquidated due to lack of experience and unfamiliarity with such situations. However, some seasoned traders made basic mistakes, such as trying to bottom-fish based on price anchoring, believing the price was highly attractive. In the crypto market, trend is everything, and there’s no such thing as a perfect top or bottom.

Our community has been shorting from around 3000 all the way down to about 2200 last week. Those who follow my daily posts know this well. The entire network’s strategy has been openly shared. The upcoming market is likely to see a wave of consolidation and rebound. There is a good bullish opportunity this week, but remember, it’s just a rebound; a reversal takes time, so seize the chance.

Buy on a break above 2210 with a target of 2330 and a stop loss at 2150.