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Ethereum's recent trend indeed confirms the accuracy of many early bearish views. Although the volatility was significant—rebounding to around 3308 overnight—it ultimately failed to stabilize, and the overall trend continues to move downward. Those who built positions based on this forecast are still enjoying the benefits, with considerable profits during the pullback.
Honestly, a sense of direction is crucial. In the market, making the right call versus the wrong call can result in vastly different outcomes.
ETH's current support and resistance levels are very clear, and this weak market pattern is likely to persist in the short term. How to respond depends on individual positions and risk tolerance.