Ethereum has dropped to 2263, should I go short or go long now?



This morning, $ETH touched the 2263 support level and then slightly rebounded to around 2280 for consolidation. On the hourly chart, there were two attempts at long positions, but neither could effectively break through the 2300 resistance; at the same time, $BTC also failed to break above 80,000, indicating limited overall rebound strength. Currently, the long positions trapped above are relatively concentrated, and the selling pressure appears to be more aimed at clearing sell orders, so the market selling pressure remains strong. Combining volume and rebound structure, the trend still leans weak, likely continuing the downward decline. It is recommended to maintain a bearish outlook and avoid going long for now. I will update promptly if there are any other developments.
ETH-0.78%
BTC-0.14%
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