Ethereum short sellers looking to reduce positions can consider closing out around 2130. Below the 2100 whole number level, there are dense buy orders clustered, and below that there's already no liquidity for long positions. If bears think the situation looks bad and execute reduction operations, it will create a squeeze. Although our long-term target is 1500, that's our target three months from now, meaning in the short term I don't think it can hit bottom in one go.



Moreover, around 2100, the probability of a rebound has already reached 30%. If it really could drop to the bottom in a single move, I can only say I'm unable to participate in that. The current target level is 2030, meaning I believe bulls will defend the 2000 whole number level, and within the 100-point range spaced between them, there are already many clustered buy orders.
ETH-2,4%
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