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ETH market trend has reached its current position, and there isn't much complicated logic left to analyze.
Looking back at the previous movement, after the bottomed out at 1736, it repeatedly tested 1790, 1800, 1850, and even 1900, but never fell below those levels, then a rally followed.
And now, the market is completely opposite, with repeated oscillations back and forth between 2450, 2350, and 2250, with multiple attempts to break through but failing.
This round of rally has lasted for a month, and there has been no significant deep pullback along the way. Blindly chasing longs at this level offers very low risk-reward.
Anyone wanting to go long should first ask themselves: how much more upside is there? On the other hand, shorting is different, as there is at least a secondary pullback expectation to 2150 to consider.
This is just my personal market view and does not constitute any investment advice.