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Midday ETH Market Outlook
On Monday, Ethereum moved sideways at a high level following Bitcoin's consolidation; after continuous gains, trading volume couldn't keep up, and the bulls clearly lacked momentum.
Repeated attempts to break through the resistance at high levels have always failed, with heavy trapped selling pressure above, and the number of buy orders continuously decreasing.
Currently, all rebounds are just short-term pauses to attract more buyers; the longer the sideways consolidation at high levels, the greater the subsequent downside potential.
Trading Suggestions
Rebound around 2400-2380, then go short with the trend
Target
2300-2280#WCTC交易王PK #美国寻求战略比特币储备 #比特币ETF期权持仓限额增4倍 #美联储利率不变但内部分歧加剧