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#鲍威尔讲话 The weekend's rebound looks lively, but Ethereum has failed several times to break above 2850, what does this indicate? Weakness in the upward momentum.
Looking at the four-hour chart makes it even clearer—several small bullish candles have arched above the middle track, and what happened next? There was no follow-up, and it was quickly pressed back by bearish candles. This kind of trend basically confirms: the market participants are in a wait-and-see mood, and this rebound feels more like a technical correction rather than a genuine reversal.
Although the current price has some support near the middle band, don't forget that the entire Bollinger Bands is still in a downward channel. The weakness hasn't changed, so the strategy is simple: short on rallies for more stability.
How exactly to do it?
• The range from 2800 to 2830 can be considered for placing short positions.
• The first target is 2700; if it breaks, it will trend downwards.
• If 2700 holds and a reversal signal appears, it's not too late to go long.
The core logic is simple: before the trend strengthens, continue to short during the fluctuations and rebounds. Don't try to guess the top or bottom; it's most practical to follow the market.
$ETH
$SOL