ETH

Recently, Ethereum rebounded to around 2390 under a strong momentum but faced pressure from bears, leading to a significant pullback. Market sentiment is mixed, with intense long and short battles.

Overnight news triggered a rapid decline in the market, but it has not seen effective continuation and is expected to stabilize. Currently, the bullish trend has not been damaged. Additionally, continuous net inflows into ETFs provide support. During the day, pay attention to the key on-chain cost and structural support level at 2140; as long as it does not fall below this level, a rebound can be anticipated, looking around 2250 - 2300.