ETH


Last night, Bitcoin showed a strong rebound, but the strength did not match Bitcoin's. It faced resistance around the 2318 area and has now fallen back below 2300.

On the four-hour chart, the small-term timeframe remains in a downward channel, with rebound highs gradually decreasing. Currently, there is a tug-of-war around the midline. Overall, the box structure remains unchanged, with resistance at 2420 and support at 2218. However, on the smaller cycle, the 2300-2320 zone faces strong resistance. In the short term, the small-term rhythm remains somewhat weak.

In the morning, consider shorting around the 2285-2305 zone, targeting the 2220-2180 area.
ETH-4.65%
BTC-3.38%
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