From a short-term perspective, last night experienced a deep retracement, with the price breaking below the 2300 level, reaching a low of around 2282. Subsequently, the price reversed upward, and the current trend has returned to a recent consolidation range. On the market chart, this rebound did not attract much volume, indicating a lack of strong buying interest, and the KDJ indicator on the chart is approaching a death cross at high levels.



On the four-hour chart, the middle band of the Bollinger Bands currently provides some support around the middle line. If trading volume remains subdued during the day, there is a high chance of a further decline below the middle band, potentially leading to a small waterfall. The support levels below are 2300-2280, with a break below that targeting 2200-2180.

Trading suggestions:

• During the rebound to 2330-2360, consider scaling into short positions. If the price breaks below 2280, add to short positions. The initial target is around 2180, indicating a short-term bearish dominance. Rebounds are opportunities to short!
ETH-1,36%
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