ETH has dropped from around 3300 to 2850, and the contract price has fallen directly below 2800. This drop has been harvested regardless of whether you have high or low leverage. The current price has rebounded to more than 3000, but many people's positions will never come back. The news serves the main behavior and gives the market a reasonable reason for liquidation.

As the situation calms down, the price slowly recovers, but the overall market panic is still heavy. Even if the main force harvests the chips, it dare not make the market easily. Pay attention to the reaction of the entire market on Monday. In the medium and long term, the US interest rate cut is imperative, and the fundamentals of global water release will not change. In the medium and long term, we are still optimistic. The spot will continue to be held, and the contract needs to wait until the market stabilizes.

In terms of exchange rate, Ethereum oversold again today, hitting a low of 0.046, and currently rebounded to around 0.047, oversold by 2.5% during the day. Based on a strategy, if it does not stabilize 0.05, never go long on exchange rate, high-risk market, enter the market with the trend, don't always think about bottom fishing

At the current point, the support below is 2900 2800,

The upper short-term resistance continues to pay attention to 3200 3400

In terms of operation, Ethereum currently has no major basic support in the short term, and the major basic support is around 2400. It is not recommended to bottom fish easily. Wait until the 3000 point stabilizes before considering entering the market