If based on technical analysis, currently all price lines in general and $ETH in particular have broken the trend, the d1 candle dead cat bounce confirmed, everything is very bad. What can be relied on now is faith...

https://x.com/captain_dackie/status/1896785173783716017

Although the price is volatile, the $2k ~ $2k2 zone is forming support. If $ETH holds this price for 1 ~ 2 months, it will form strong support and be ready to bounce to the $2k7 resistance zone (previously 3-week accumulation support). To increase again, ETH needs to hold this price level.