Ethereum weakened in sync with Bitcoin last night, falling back from around 2350. After probing lower to a low near 2280, it oscillated upward in the early hours today and surged to around 2360 before pulling back. Currently, it is oscillating downward around 2330, and it is still under heavy pressure in a high zone. The overhead resistance is clear, and the Silk Road is still rebounding to sell short.



The high points for both yesterday and today are around 2360-2380. This level has had resistance confirmed multiple times. From the 30-minute chart, after multiple attempts and topping, it hits resistance and pulls back. The double-top strong pressure level has been firmly established.

Trading suggestions

Sell short at the rebound from the 2360-2380 range. Target 2310 to the downside. If it breaks, look for 2280-2260. After a break, continue to look down to 2230#Gate13周年现场直击 $BTC $ETH
BTC1.43%
ETH0.87%
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