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3.9 Ethereum Thought Sharing
Ethereum daily chart closed with a doji star, with the intraday price retracing to test the 1908 support level, entering a key support zone. The price continues to test downward, currently trading around 1960. In the short-term trend, it is still recommended to short on rebounds and follow through on breakouts for more stable operations.
On the short-term hourly chart, after Ethereum broke down, the retracement was quite strong, with multiple consecutive bearish candles. The short-term bears hold the advantage, with all moving averages arranged in a bearish pattern. If the intraday rebound fails to stabilize above 2000, there is still a possibility of further decline. The overall trend is bearish, with a strategy of riding the trend and shorting high. Key supports below are: 1910, 1830.
Monday midday trading suggestion: Short in batches in the 1970–1990 range, targeting the 1900–1850 zone. $ETH #2月非农意外负增长