💥$ETH The bearish trend remains unchanged, and short-term rebounds are just smoke screens? Currently, Ethereum is highly volatile, and many retail investors are asking Sister Nanny how to judge the direction of Ethereum. Today, Sister Nanny will combine daily charts, monthly charts, and the latest news to share her personal views, hoping to provide some reference for everyone. First, the conclusion: the strongest resistance level for Ethereum on the daily chart is at 1850, and the strongest support is at 1715. But from the monthly chart perspective, the likelihood of breaking below 1715 and heading towards 1650 or even lower is higher. Why is that? This round of the market started just before the unemployment benefit data was released. Ethereum, at the 1730 level, just hit the hourly support. Interestingly, this level coincided with the news of $1 billion flowing into Bitcoin, which directly caused the price to be pushed up in the short term, resulting in a rebound. Sister Nanny believes that some retail investors seeing the rise might think a reversal is coming, but everyone should see the essence clearly: this kind of rise is more driven by short-term capital sentiment, not a trend reversal. From a larger structural perspective: the probability of Bitcoin dropping below 60k in the later stage is very high. Once Bitcoin declines, Ethereum will find it hard to stay unaffected. The possibility of Ethereum falling below 1715 is also very high; the breakdown signals on the monthly chart are already very clear. Therefore, Sister Nanny’s personal judgment remains unchanged: the short trend of short positions is correct. The short-term rebound might instead be a better opportunity for phased positioning, rather than a reason to chase longs. Trading has never been about emotions, but about sticking to the trend and managing positions. I hope everyone can maintain their rhythm amid volatility. If you agree with this view, welcome to leave comments and exchange ideas. Let’s observe the key levels and game plans together.