Ethereum traders wanting to reduce short positions can consider doing so around 2130. Below the 2100 round number level, there are concentrated buy orders, and below that there is no liquidity from long positions anymore. If bears see the situation turning unfavorable and execute reduction operations, it will trigger a squeeze. Although our long-term target is 1500, this is our target three months from now—meaning I don't believe it can bottom out in a single move in the short term.

Additionally, around 2100, the probability of a rebound has already reached 30%. If it really can drop to the bottom in one go, I can only say I won't catch that move. The current target level is 2030, which means I believe bulls will defend the 2000 round number level, and within the 100-point interval spaced from it, there are already many concentrated buy orders.