$ETH Will ETH break below 2200?

From the 4-hour chart, it seems impossible for ETH to fall below 2200 because yesterday's market repeatedly tested the 2230 level, which is a weekly support level, and it didn't break.
This indicates that the funds in the 2230-2250 range are still strongly supporting the price.
Currently, the market is oscillating around 2260 because selling pressure at 2280 still exists, and the main players are still clearing out positions and not firmly holding long positions.
So, this has formed a typical oscillating accumulation structure.
At this point, my personal advice for partners who are still out of the market and observing is to lightly position with long orders.
ETH has already fallen through many consecutive bearish candles, and short-term profits are significant.
Chasing shorts at this position is risky because the main players could suddenly push up with a large bullish candle, causing a quick rebound.
Therefore, more aggressive traders can consider lightly accumulating long positions at the current price, aiming for a technical rebound, but be sure to control your position size.
The whole market is actually waiting for an emotional breakout point.
Once BTC resumes volume, ETH is likely to lead the rebound first.