Ethereum is currently at a critical support and resistance point.

From the liquidation map, near 2290, there are close to 300 million long positions awaiting liquidation [with 100x leverage accounting for 30 million],
and near 2380, there are 360 million short positions awaiting liquidation.
The battle between the bulls and bears is quite intense.
My personal intraday view is: bearish!
In the past week, Ethereum spot ETF funds have been net inflowing for four consecutive days, totaling about 300 million USD [mostly increased by institutional investors like BlackRock],
which is one of the reasons why mainstream coins have been steadily rallying despite the news environment during this period.
However, it’s clear that yesterday’s breakout was already at a low position where profit-taking and cashing out occurred,
plus there are a large number of sell orders above, so the selling pressure is particularly strong.
In the short term, there is basically no one-sided trend; going short is the most stable strategy.
There is minor support around 2320 intraday, so the market rebounded briefly,
but based on tonight’s weekly unemployment data and US stock market performance, it’s basically confirmed that the weakness will continue.
The current rise is due to SOL’s bottom consolidation lasting too long, leading to a rally driven by catch-up,
and the news has been mostly digested, so it can’t significantly impact the trend.
$ETH Trading suggestion:
Enter short positions in batches around 2340-2360, recommended leverage 50-100x.
Stop loss: 2380-2400.
Target: Tentatively set [I will notify in real-time when the time comes].