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Afternoon $ETH How to interpret this? More long or short?
Based on its K-line trend, ETH belongs to a typical pattern of failing to break higher and turning weak afterward. It first surged to around 2400, but due to insufficient buying at high levels and strong selling pressure, the momentum shifted from bullish to bearish, with a low retracement to around 2260. Currently, it is consolidating sideways near 2280–2290.
Intra-day, focus on the 2300 level, which is the current dividing line between bulls and bears. If it rebounds but cannot break above 2295–2310, consider taking a light short position with the trend. The initial target is 2270, then see if the 2260 support will be broken. Place stop-loss above 2320.
If it stabilizes, you can open a small long position to catch a rebound! Trading should control position size, prioritizing stability.
$NOC$PUMP #WCTC交易王PK #比特币突破7.9万美元