Ethereum performed well intraday, starting a rally mode during the day. However, the resistance at the 3050 level is quite significant. If this level cannot be broken through, considering the pre-market trend of US stocks, it is likely to be pushed back in the evening. Therefore, rather than chasing high to gamble on a breakout, shorting at high levels offers a better risk-reward ratio.



From a technical perspective, if the 3050 level is not firmly held, the first downside target should be around 2970. If the breakdown continues, 2900 will become the next support reference point. BEAT and RIVER are also within the observation scope.

The overall market trend still needs continuous monitoring. Feel free to discuss your subsequent trading ideas in the community.
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TokenUnlockervip
· 4h ago
If 3050 can't be broken, be cautious. When the US stock market opens, it could wipe out this rebound entirely. Chasing highs? Or forget it, shorting is much more profitable.
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ChainMaskedRidervip
· 4h ago
If 3050 can't be broken, then you have to prevent a crash. It's probably safer to stick with the bears.
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LiquidationHuntervip
· 4h ago
Level 3050 is really locked tight; I think chasing high now is just like giving away money. Let's wait until the US stocks drop in the evening, the probability is there.
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MercilessHalalvip
· 4h ago
3050 is really a paper tiger; it feels like the US stock market will kneel as soon as it opens.
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NFTPessimistvip
· 5h ago
Level 3050 is really a tough obstacle. It's safer to short rather than gamble on this breakout.
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