1. Current Recommended Direction
- We recommend long on ETH spot, focusing on the strong support level of $2388. We anticipate that the major entry point for spot trading is at $2388, and we do not recommend chasing the price up to $5000 in advance.
- A downward retracement is expected on February 2nd, which is a normal market correction. After the retracement, a surge in February is expected to begin.
- It is clearly believed that the support above $2,000 is very strong and will not be easily broken, giving people some breathing room;
- A phased, no-leverage spot trading strategy was employed, emphasizing a "go all in" approach at $2388, reflecting extremely strong bullish confidence...