$ETH encountered fierce selling after hitting a high, causing the price to drop rapidly. Fortunately, the level at 2788 held strong. There was a rebound, but the strength was clearly insufficient, and the short-term structure has weakened, entering an adjustment mode.

The key now is the 2850 line. If it holds and can break through 2900, short-term pressure can ease, and there is a possibility of going up to 2950-3000; if it breaks 2850 again, it will have to go back to test 2788, and it might even drop to around 2800.

Currently, it is oscillating in the range of 2850-2900, which is suitable for switching between high and low positions. Don't get carried away and chase after it.

How to do it specifically? You can try taking long positions with a light position around 2850, aiming for 2900 and 2950, with a stop loss set below 2820; if it breaks below 2850, take light short positions in the direction of the trend, targeting 2800, with a stop loss set above 2880.

Before the direction is clear, remember two words: light position. Quick in and out, wait for the real breakout to follow.

ETH-1.11%

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MetaMaximalist

· 2025-11-24 00:49

ngl the 2850 level is gonna be key here, but honestly this sideways action is where most retail gets liquidated. network effects matter even in price discovery, ya know? most people just don't have the theoretical framework to understand consolidation patterns through the lens of adoption curves. anyway, light size is the only way forward until we see actual volume conviction.

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MetaLord420

· 2025-11-21 14:39

Here comes another "To da moon" and then directly dumping, I've memorized this routine, haha.

Light Position Light Position Light Position, I'm already tired of hearing this term.

Let's see if 2850 can hold up, otherwise I'll just keep moving bricks.

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RektButSmiling

· 2025-11-21 02:39

It's another feint, this ETH really makes the heart race.

The key position at 2850 is a bit precarious, switching to a Light Position is reliable, don't be greedy.

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AirdropJunkie

· 2025-11-21 02:39

It's this trap again, getting dumped after a surge, the old routine, let's see if it breaks 2850 or not.

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StillBuyingTheDip

· 2025-11-21 02:38

Here comes the trap again, yesterday it was said to go to the moon, but it ended up breaking down. 2850 needs to hold, otherwise it really has to go back to 2788.

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RatioHunter

· 2025-11-21 02:26

It's the same old trick again, the plummet at a high position is really harsh. However, 2788 held up, at least there's a bit of conscience, but the rebound strength is indeed not great.

Wait a minute, what's the connection between Trump removing agricultural tariffs and the crypto world? We still have to pay attention to the macro trends.

Switching between light positions sounds simple, but in practice, it's still easy to get out of positions; this time we really have to hold on.

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Alexandera@9

· 2025-11-21 02:16

Great

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#特朗普撤销农业产品关税 Ethereum's price action yesterday looked like it was about to To da moon, but it ended up giving long positions a lesson.

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