Ethereum ($ETH )'s recent price action shows some signs of rebound. After hitting the support level near $2,670, ETH prices rebounded quickly, forming a false lead. The market seems to be experiencing a short-baiting behavior, trapping short orders, and then further consolidating the trend through a slow sideways rise. At present, the market's target is locked around $3,000, which looks completely achievable under the current market sentiment.
The current market strategy recommendations are as follows:
For long orders, you can consider entering the market when the price pulls back to the $2,550 to $2,600 range, with a target profit point set at around $2,700.
For short orders, you can consider entering the market when the price rises to the $2,630 to $2,680 range.
The liquidity of the market is being gradually consumed, and currently only two currencies related to ETFs are rising. As the token of the Binance exchange, BNB can maintain a higher price due to its own control ability. However, when we compare the prices of Bitcoin (BTC) and Ethereum (ETH), and the prices of BTC and Solana (SOL), we can find that there has been a clear decoupling between their trends.
The situation in the altcoin market is not optimistic either. Many altcoins have not even rebounded after the price drop, and are even still falling. This phenomenon makes people question whether the current market is really in a bull market.
Regarding the future trend of the market, there is a view that only after a sufficient correction can the market release risks and prepare for a new round of increases. Therefore, investors should be cautious and not make impulsive trading decisions due to short-term market fluctuations. At the same time, investors should also be aware of the value of time and should not excessively pursue long-term investment returns while ignoring other aspects of life. After all, everyone's time and energy are limited. How to maintain a balance in life while pursuing wealth growth is a question that every investor needs to seriously consider.