$ETH After each experience of a waterfall market, the market often falls into a brief silence.
Especially starting from Friday's decline, the overall volatility significantly converges over the weekend, and the market tends to calm down. In the absence of stimulating news, we need to pay close attention to the capital flow situation tomorrow night; only when liquidity expands can it provide clearer guidance for the next direction.
From the Fibonacci structure at the daily level of #以太 , the key level of 1992 must hold effectively; otherwise, the market is likely to dip to the range of 1899–1992. Once entering this range, market sentiment will further shift to panic, and the overall atmosphere will noticeably weaken.
The strongest support level currently is near 1948; this is both the midpoint of the range and an important position where shorts may be liquidated.
It should be noted that the gaming window at this position will not last long, and the market may give direction choices at any time.