July 24, early morning — brief analysis of the “2” candle

ETH’s big bearish candle late at night directly dropped 2.58%. The price fell from above 1940 down to a low of 1882. It has only weakly rebounded to around 1888, with net capital outflows of $337 million, and clear panic sentiment.

The most critical right now is whether the 1882 low can hold. If the second pullback does not break it, there is a chance for stabilization. Once it breaks, it will likely continue lower to seek further lows. For rebound pressure, first look at the 1900-1915 range, with strong resistance at 1940.

Liquidity is thin late at night, with “whales” dominating the market; bottom-fishing risk is high. It’s recommended to hold off, wait for the day to show clear signs of bottoming before considering entry—don’t rush to catch a falling knife. 🌙#Gate事件合约首发狂欢