#美联储恢复降息进程 Morning observation: $ETH this round falls really hard

Affected by the market, ETH has fallen sharply to 2830 yesterday, now it is close to 2848 to catch a breath. The market fear index has been pulled up to the extremely fearful zone, but there is a quite interesting detail - the ETH ETF fund continues to attract capital, indicating that institutions have not completely withdrawn, this support cannot be overlooked.
From the surface perspective, the position at 2830 has temporarily held firm, with selling pressure falling sharply after a significant drop. In the short term, there may be a technical recovery, but do not expect a very strong rebound; overall, it remains a fluctuation. The important thing is to see whether this support truly holds.
Idea about the activity:
Consider placing sell orders in the range of 2884-3005, looking down at the two levels of 2820 and 2785.
The current phase is part of a correction and adjustment period, there may be a recovery but the estimated intensity will be limited. When trading, remember to be flexible, monitor the performance of a few key positions, and do not be stubborn.