Sunday ETH midday, Jingyi’s thoughts

MACD bearish green bars continue, and the downside momentum has not fully disappeared. Under 4-hour bearish pressure, after a push higher, it will most likely hit resistance and pull back for a second retest. As long as the rebound cannot hold firm above 2231, the downtrend remains unchanged, and it will again retest the 2160 support. If 2160 breaks, it will likely move into a deeper pullback. Only if price stabilizes above 2235 will the bearish trend be temporarily alleviated; otherwise, throughout the whole move, shorting on rebounds is the main approach.

4-hour key resistance: 2194–2210, ultimate resistance: 2231;
4-hour key support: 2160, the intraday low—if it breaks, directly look for 2120–2100.

Trading suggestions
Place short orders for ETH within the 2198-2230 range. The first target is 2160, and the second target is 2120-2100

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