Ethereum midday analysis:
Recently, the Ethereum spot was rejected again, causing it to fall below 2800 since the beginning of May, but it immediately began to slowly recover. Although it has been fluctuating, it has been hovering around the support of 3000 and 2800. Today, many people are still shorting and longing Ethereum. Small bands are okay, but if you don’t stop profit and stop loss in time, there is a risk of (bang!) liquidation.
Why? Because in order to collect liquidity, the dealer may repeatedly hover between the support level of 3000 and 2800, so it is not recommended to operate Ethereum today.