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ETH hits a key support level at 2220, a rebound in a big bull market, or will it fall below 60k along with Bitcoin?
I looked at ETH's chart, and in the video from the 25th or 26th, I kept telling everyone to go short high and long low around the 2480-2250 range.
After this round, the long positions gained over 100 points, and the short positions gained 200 points and are still holding.
Currently, the support at 2220 is effective and precise, with the lowest dip around 2218, hitting the mark accurately.
The market is actually still very weak, with heavy pressure leaning towards a decline, so I think holding the short positions is still appropriate.
The long positions can take profits.
Also, if you haven't opened a short position yet, the weak resistance above is at 2330-2370.
The resistance zone is very narrow, and weak resistance can easily be broken, but relying on the narrow resistance zone I provided, if you haven't shorted at 2480, I suggest you consider fixing the gap and trying.
Be honest and realistic, with tight stop-loss at weak resistance, the likelihood of being stopped out is higher.
If you want to decide on your own, and you're a beginner who can't accept stop-losses, to be blunt, you can hold against the market.
After all, in this market, holding against the market with a small position is unlikely to lose money.