Bulls need to be cautious, but bears are making a lot of money

ETH will fall again if it doesn't break through this position!

Since the Ethereum Foundation took the lead in selling ETH, ETH has been falling all the way, falling to around 2390 at its lowest. The entire crypto market has suffered huge liquidations, with blood flowing like a river and wailing. Some are happy and some are worried, and the short sellers have made a lot of money. Currently, ETH has improved, but don't blindly chase the rise. If ETH cannot stand at 2550, the bulls are still weak. From the figure below, we can see that it is currently suppressed by the Fibonacci 618 line and has been unable to break through. The 4-hour RSI indicator is in the oversold range and there is a need for a callback at any time. The daily line is still basically dominated by the short trend, so bulls need to be cautious! #ETH收益