I just noticed that ETH has recently surpassed $2,000 again after being stuck below that level for quite some time. A few weeks ago, it was fluctuating around $1,920 and then bounced from $1,750, avoiding another support breakdown. Now it’s trading around $2,047, up 7% in 24 hours, but the current price watch is $2,030 with -4.92% for the day. I see this as important because it changes how the market perceives the situation. The interesting part here is that institutional money is flowing back in. The Crypto ETF Ethereum received a net inflow of $9.23 million, and Grayscale bought an additional $11.1 million worth of ETH. This isn’t FOMO like before, but calculated trades when the price was still near support levels. I call this marginal accumulation — it’s just trades on the “edge” of the support zone, not large-scale buying. This often leads to technical rebounds but can also be easily reversed if liquidity weakens. One thing to note: $893 million worth of ETH options are about to expire with max pain at $2,200. When max pain is higher than the spot price like this, the market can be pulled toward that level due to hedging, but it’s not genuine demand. Additionally, $7.54 billion worth of Bitcoin options are expiring with max pain at $75,000, so volatility could spill over into major coins. From a technical perspective, MACD is starting to give a positive signal, but I’m still waiting for confirmation. Previously, ETH also clearly rebounded from $1,750–$1,800 but was blocked below $2,000. If Crypto ETF Ethereum inflows continue and the price stays above $2,000, the short-term bullish structure will be more credible. Otherwise, this might just be a relief rally.

I’ve endured for so long, yet it’s still mindlessly dumping the market—unbelievable and really exhausting.

The current short position strategy has been validated by the market trend, which remains in a downward structure, consistent with previous predictions. Operate strictly within key zones, continuously monitor structural changes, and steadily seize swing opportunities. #加密市场行情震荡 $BTC $ETH