Ethereum continues to decline, briefly breaking below the 2100 level. From a daily chart perspective, it has essentially given back the gains from the previous few days. The trend has shifted from upward to downward. Operationally, it is recommended to primarily short with the trend. It is suggested to short near the 2160 rebound, with a stop loss at 2200, and a target around 2070.
Zhao Youdao: ETH Breakfast 2146
Ethereum continues to decline, briefly breaking below the 2100 level. From a daily chart perspective, it has essentially given back the gains from the previous few days. The trend has shifted from upward to downward. Operationally, it is recommended to primarily short with the trend. It is suggested to short near the 2160 rebound, with a stop loss at 2200, and a target around 2070.