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Yesterday, Ethereum generally maintained a range around 2300, initially staying above 2300.
As the 2300 level was broken, the market experienced a rapid decline to shake out weak hands, and after retracing to a low near 2203 during the session, it gradually stabilized and recovered.
During this process, bullish traders collectively released panic, and a large amount of floating capital was washed out.
Currently, it appears that over the weekend, the market will continue its previous oscillation trend.
This round of decline has already broken the recent upward structure.
From a personal weekend perspective, 2203 is definitely not the bottom of this cycle; I am waiting for the next low to be refreshed.
Ethereum: Short at 2225, target 2365, with a 30-point stop loss.