After three consecutive large bearish candles at the daily K level, the price pierced through the mid-line support yesterday. If today’s candle closes below the mid-line, then the bears will truly continue to make a strong push. Both KDJ and RSI are opening downward and moving lower. Among the MACD bearish momentum, the bearish energy continues to expand in volume. The daily K level remains strongly bearish, indicating that the market has a need for a pullback. The upward channel that had rebounded from 64,900 has long since been broken. After a second test at 79,500, the market retreated. With three consecutive daily bearish candles breaking below the mid-line support, it remains to be seen whether the bulls can struggle a bit today, on Thursday. For the day, the idea is to continue shorting on rebounds!

ETH
For intraday, resistance overhead to watch is 76,500-77,500. If you plan to take positions from the higher end, you can consider participating around this area. For those holding short positions, you can hold the tail order steady. After a rebound, add to positions where you need to—so the average entry price always keeps good value, and the position doesn’t become heavier. If the intraday action shows a pullback, watch support below at 75,500-74,000-72,500.

ETH current price is 2,250. Overnight, the lowest dip pulled back to 2,218 and then stopped falling. For the intraday session, stay mainly bearish on the higher side. Hold shorts above 2,300, or around there. If you already have shorts, you can continue holding them. If you don’t have any short positions yet, watch resistance at 2,290-2,340; you can try setting up short trades around this zone. Support below is at 2,250-2,200-2,150.