April 17 Market Analysis: the market did not pull back quickly—are we accumulating strength for the next upswing?

Let’s take Ethereum as an example. The 2400 level is the recent high point over the past few months. After this breakout, many small investors began selling off and choosing to stand by and wait. To be honest, this high-level range trading is very likely just a process of taking profits.
The biggest international headline right now is whether talks can be resumed. News on this front will drive the next upswing. If no progress is made, then before the ceasefire ends, the market will fall into panic. No one chooses to put their own money into uncertain factors. I’m also sticking with a light position.
My view still hasn’t changed. The 2350 key level—if it can’t hold, it’s a high-level short. There’s a lot of uncertainty in weekend news, and many smaller institutions will choose to exit by cashing out, including capital outflows from the US stock market$ETH ‌