Yesterday, when I saw ETH drop to 2314, honestly I felt a bit anxious.


There were all kinds of bottom-fishing voices on social media, and I almost impulsively placed an order.
Fortunately, reason prevailed, and I decided to observe a bit longer.
Today’s close was at 2380, up 0.75%.
Although the increase wasn’t large, this rebound pattern reminded me of similar movements in the past.
From a technical perspective, that low point of 2314 yesterday might be a short-term support, and reaching a high of 2390 today confirmed this judgment.
What’s most interesting is the current market sentiment, with the fear and greed index exactly at 50, completely neutral.
It feels like everyone is waiting and watching, neither bulls nor bears daring to act rashly.
Even the funding rate for perpetual contracts is -0.0004%, basically zero.
Looking back, I think this kind of fluctuation might continue for a while.
The 852 million trading volume indicates decent participation, but there’s a lack of clear directional breakout.
At this level, chasing the rally risks getting trapped, but bottom-fishing also worries about further declines.
My current strategy is to keep observing and wait for more definite signals.
If it can stabilize above 2400, I might consider adding a small position.
Conversely, if it drops below 2320 again, I will need to reassess this round of market movement.
Sometimes, not acting is also a form of action; patiently waiting for opportunities is wiser than rushing in blindly.
ETH1.63%
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GateUser-f855d0ad
· 7h ago
Waiting and watching
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