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Tuesday Morning ETH Jing Yi's Perspective
The US-Iran situation is unstable. When the agreement is truly implemented, the initial positive momentum will turn into a negative. This morning, US-Iran conflict occurred, and the market is currently reacting strongly to news.
ETH surged to 2141 overnight but was resisted and pulled back, with a maximum decline of 58 points. The current trend center has shifted downward, dominated by bears. The key resistance is at 2140-2150, with a double top formation on the hourly chart. All indicators are weakening, and bearish momentum is sufficient. Support is at 2080; if broken, look toward 2050. Before reclaiming 2120, maintain a short-term high-short strategy, with a focus on resistance above 2100.