$ETH Should you go long or short Ethereum right now? Let’s take a look! Ethereum probed the 1950 daily-line resistance level three times in a row. The first two attempts both failed. On the third attempt, it pulled back to 1844, then surged to break through the daily resistance, topping out at 1982. Within two days, it stretched by over 100 points. Since big holders’ sell pressure scattered and retail traders took profit and exited, the price fell back and there wasn’t enough buyback support—leading to a pullback of nearly 50 points. Combined with the prior several dips’ target levels, and the on-chain fund in/out ratio, the target for Ethereum’s pullback and deeper dip is (short from the current price: target 1910 to 1860, defense at 1970). (If pulling back to 1875 to 1900, go long: target 2000. At that level, forced liquidations on longs can be controlled to within 1800.)