ETH market update

The small-level support of ETH has been confirmed to have broken down.
Although there was a rebound after the first wave broke, it failed to stabilize at the structural level and is now breaking down again, indicating that the rebound has failed and the probability of continued decline is significantly higher.

Structurally, this wave seems to be more like a rhythm of going down directly. Pay close attention to the support area around 2850 below, which is also the structural long position we had planned earlier.

The operation plan is very clear. Do not rush to catch the rebound midway; patiently wait for the price to return to around 2850. Once it reaches that point, decisively try a long position, but remember to control your position size and set a stop-loss. As always, location is more important than direction, and planning is more important than emotions. Execute at the designated time and be patient during the rest of the time.