$ETH From yesterday's high point of 2198, the price has been falling all the way down to a low of 2091, now back around 2119.



On the 1-hour chart, the moving averages are in a bearish arrangement, with MA7 (2188), MA25 (2174), and MA99 (2219) all above the price, indicating a short-term weakness.

Key points:

The price is trading below MA7, and both rebounds failed to break above it.

The MACD bearish momentum is still present, with no clear reversal signal.

Support below is around 2090-2100; if broken, look toward 2050.

My short-term strategy:

Primarily short: consider shorting if the price rebounds to the 2150-2170 zone and faces resistance, with a stop loss above 2190, targeting 2100-2090.

Be cautious with longs: unless volume confirms a steady move above 2150, avoid rushing to buy the dip.

Current strategy:

Wait for a rebound to short, do not chase the fall.

Hold off on bottom-fishing; signals haven't appeared yet.
ETH-3.05%
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