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Intraday seventh order $ETH
Current price direct short strategy report
Today’s ETH market well illustrates "macro direction, technical buy and sell."
This morning, Ethereum experienced a sharp surge, but the push to 2400 was suppressed, indicating strong profit-taking willingness at high levels.
Subsequently, the market quickly retreated, and besides technical resistance, negative news also caused widespread panic, with on-chain funds flowing out rapidly.
ETH directly dipped to around 2313, then started to recover, indicating that there is dense buy support around the 2300-2310 level.
But "recovery" does not mean a reversal.
Currently, the four-hour chart has reached a strong resistance around 2350, and multiple rebounds have been suppressed.
So, Sister Mi and team are shorting at 2341 points, with positions currently in floating profit.
Patience is needed; wait for the market to pull back below 2310 before taking action.
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