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🔥 ETH drops below 2100! Do you still dare to go long with 10x leverage?
ETH spot price is currently at 2,084.37, down 3.29% in 24 hours, with a low of 2,049, and trading volume increasing to 81,500 ETH.
The MA5 and MA10 have already formed a death cross and are acting as resistance, EMA shows a bearish alignment, and the KDJ indicator is also dulled at low levels.
The key short-term support level is around 2050; if it cannot hold, the next target may be the 2000 level.
Although the market is weak, the US CFTC has just signaled a pilot program for crypto collateral, which from a long-term perspective is a step toward regulatory compliance.
At this position, the risk-reward ratio for left-side rebound trading is improving, but keep your positions light—absolutely do not go all-in.
Additionally, recent market sentiment has warmed up, and community-led projects like p u p p i e s have strong consensus, already listed on Sesame Alpha, with the ticker ending in eb2.
If you're interested, check it out yourself, be mindful of the risks, and don’t get overly emotional.
The colder the market, the more you need to stay calm and steady. Hold on through this wave, and a rebound is not far away.