ETH Market Analysis:

Today, ETH started at 8:00 Beijing time, with the opening price near yesterday's POC at 2284, and the price slowly moved upward. After breaking through yesterday's VAH high point, it continued to test the previous day's VAL low at 2320. Without stabilizing, it quickly dropped, but unfortunately, the 5-minute candlestick was difficult to capture this point. After the active buyers withdrew their strength, it dropped rapidly. Then the price fell all the way down to test yesterday's VAL at 2256, gaining brief support and returning to 2270, then continued to decline, directly breaking yesterday's VAL. It then reached this month's large negative delta level at 2235, which is equivalent to an absorption phenomenon, and the price began to rebound. Unless it was a scalp or ultra-short-term trade yesterday, intra-day positions should be avoided within the volume profile range. The price always moves from one fair value zone to another. Today, I made several mistakes: at 20:30, I started opening positions at 2370. Opening within the fair value zone is a big taboo, even with high volume and trend reversal at the time. Later, after adding to the position at yesterday's VAL, I was forced to cut losses.