ETH had a large sell order at $2780 yesterday, which was quickly rebounded once it was consumed. Someone placed a buy order at $2750 early in the morning, and the lowest it went was only $2775. After clearing the sell order at $2780, it surged directly and is now at $2850.

Today, Japan announced a 25 basis point interest rate hike, the highest level in 30 years, but I think yesterday's drop has already priced in this negative news. As long as ETH can maintain above $2800, I still have a positive outlook and continue to support going long!