ETH Market: Short-term rebound unlikely to change the bearish trend, shorting on rallies is key.
The hourly MACD gives a positive signal, with the golden cross approaching the zero axis, green bars narrowing and turning red, indicating that short-term bullish strength is rising. However, on the daily level, it is still trapped in the bearish zone, and the trend has not yet reversed; this short-term rebound seems more like a "flash in the pan."
Currently, ETH is fluctuating around the 4300 mark, and the overall direction is still slowly downward. Even though there are minor rebounds in between, there is always a lack of upward momentum, and the rebound is limited. Therefore, for short-term trading, there is no need to hesitate; seizing the rebound opportunities and sticking to the strategy of shorting at highs is the right approach.
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9.3 Ether market trend analysis & thoughts: $ETH
ETH Market: Short-term rebound unlikely to change the bearish trend, shorting on rallies is key.
The hourly MACD gives a positive signal, with the golden cross approaching the zero axis, green bars narrowing and turning red, indicating that short-term bullish strength is rising. However, on the daily level, it is still trapped in the bearish zone, and the trend has not yet reversed; this short-term rebound seems more like a "flash in the pan."
Currently, ETH is fluctuating around the 4300 mark, and the overall direction is still slowly downward. Even though there are minor rebounds in between, there is always a lack of upward momentum, and the rebound is limited. Therefore, for short-term trading, there is no need to hesitate; seizing the rebound opportunities and sticking to the strategy of shorting at highs is the right approach.
Operation Suggestions:
-Ether is positioned around 4350-4400, aiming down towards 4290 and 4200.
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