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ETH 15-Minute Market Analysis | Don't Rush to Act on Short-Term Moves
The current structure has completed its reversal, with bullish momentum clearly released, and a surge directly pushing above 2330. But note, it has entered the supply zone above, and a weak high has appeared, indicating selling pressure is beginning to show.
In the short term, it’s not a one-way trend, but an oscillating divergence phase.
In terms of operation, it’s not recommended to chase longs; wait for a rebound to the 2335-2350 resistance zone before considering shorting, which is safer.
If it directly breaks below 2310 and fails to rebound, that’s also an opportunity to short in line with the trend.
Support levels to watch are at 2280; a break below opens further downside space.
One sentence summary:
Don’t chase high in strong trends; waiting for the right position to short offers better value.