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ETH drops to 2260, is the narrow-range fluctuation about to end?
Hello, my friends, from April 12th to now, May 14th, a full month has passed.
During this entire period, the overall trend trading has basically no more opportunities to trade, because in the entire trend trading, there was only one upward trend that could be traded, and no other trends emerged.
So, overall, there are no good points to trade trend-wise now, and what we need to look at is intraday short-term trading.
This also inevitably leads to the fact that in 2024, our intraday Ethereum trading was very excellent.
Then, after switching to Bitcoin trend trading in 2025, it was heavily criticized, with often some retail investors complaining that we open too few trades or wait too long for trends.
Anyway, similar complaints.
Indeed, the current market has already passed the trend phase, so we are bringing everyone back to intraday trading.
Personally, as you all know, I have always recommended trend trading, but now I am bringing everyone back to intraday trading.
Overall, Ethereum has experienced a wave of downward movement, but based on Ethereum’s behavior, it’s unlikely to stay near the previous low of 2218.
Instead, it’s more likely to break below the previous low and at least reach:
First support level: 2220–2180
Second support level: 2180–2120
The short positions have been taken, and it’s not recommended to chase short positions anymore.