2.5 Market Overview: Will ETH drop to 1750?
Vitalik sold 2961.5 ETH for a profit of 6.6 million within three days, and institutions and hackers are also gradually selling their ETH; the prospects for Auntie are bleak, and those holding spot are suffering immensely.
ETH is in a descending wedge channel, with both the high and low points touching decreasing, leaving no room for any rebound; if the lower trend line is broken again, ETH may truly drop to 1750; at the same time, the liquidation price for LD Capital's long position is around 1600.
A breakthrough and stabilization of the right-side entity at 2119 can lead to a long position for a rebound, with a stop at 2039, and targets at 2199 and 2268; conversely, observe if the right-side entity breaks below the 2050 trend line and go short accordingly, with a stop at 2143, and targets at 1957 and near 1750 #以太坊L2如何发展？ $ETH .
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