Today, the Ethereum market is showing a distinct downward trend, which may soon reach a key price of $2050. The market displays several interesting characteristics: despite the fact that short positions have clearly strengthened, the usual 2% Bullish line is not observed in the market to clear short-term short positions. In this situation, the market seems more inclined to allow high leveraged short positions to profit, not providing trapped long positions with breakeven opportunities, which demonstrates the peculiarity of the current situation.

It should be noted that similar extreme fluctuations may occur in the market, like those observed on February 3 — initially a sharp decline in a short time, with a 20% drop in just 15 minutes, followed by a strong rebound that approached 19%. This V-shaped recovery pattern is not uncommon in the crypto market, but its intensity is often striking.
The current price behavior of Ethereum reflects a game situation among market participants, with short-term fluctuations being the result of a struggle between long positions and short positions. For traders, this high-volatility environment presents both a challenge and an opportunity, requiring a cautious approach and proper risk management.