$ETH Can the market recover steadily after the sharp drop?
After a major sell-off, Ethereum is now hovering around 2120, with 2100–2135 becoming the main range.
Every time Ethereum tries to rebound and break above this range, it faces significant selling pressure. Xingjie thinks the bulls’ momentum is currently weak, mainly because market sentiment remains divided and bullish sentiment is muted. If the price cannot break above 2150 in time, it will likely fall to 2070 tonight.
The bulls’ defense is starting to move lower, likely toward the 140 million long liquidation zone at 2070. But the