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$ETH Is your short position lost??? How to read the ETH chart now—losing a position isn't scary, what's scary is being wrong on the direction and holding on stubbornly, going against the trend. The market doesn't care about your feelings; the only ending is liquidation. Currently, ETH has a resistance level at 2350 and support at 2300. The reason for the ongoing oscillation is that the main players are controlling the rhythm, shaking out chips, and funds are watching, waiting for the speech at 2 a.m. Based on the current chart pattern, both bullish and bearish signals suggest you shouldn't chase. If ETH stabilizes at 2300 tonight, we will follow the trend and go long.