ETH Market



Precise hit on the high point this morning. The market continues to decline, with no strength for a rebound. Currently, the price is stuck at 1667, and the bulls haven't even made a decent counterattack; overall, it’s weak.

What to expect at noon?

On the daily chart, there is resistance above, and on the 4-hour level, the bearish momentum hasn't been fully released; each rebound fails to gain momentum. It’s highly likely to continue downward at noon, with limited room for a rebound. Don’t look at the red turn and think about chasing the rally—that’s not an opportunity, it’s a trap.

Trading strategy remains unchanged:

The weak pattern has not been reversed. When the price slightly rebounds and approaches resistance levels, continue to set short positions. Don’t rush, wait for the right position, wait for signals.
$ETH #ETH
ETH1.75%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned