Ethereum has fallen below 2100, with bearish market sentiment dominating. However, after a decline in trading volume, there are obvious signs of recovery. The KDJ indicator is oversold after the lower channel opened, releasing a short-term rebound signal, and there is still room for further increases.
Recently, the White House has strongly supported the strategic reserve of cryptocurrencies, with whale holdings exceeding 68%. Many institutions have entered a phase of accumulating coins, and recent ETF inflows have surpassed 2.1 billion. From the market sentiment, we can see a seven-day consecutive rise on the daily chart and a bullish alignment of moving averages, creating a resonance of technical and emotional factors. There will still be a pull to explode the shorts. A low long position can be adopted.
Suggestion: Watch for a long position around 2093 after breaking 2200, and continue to look for 2350$BTC $ETH #ETHETFsApproved .