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June 26$ETH $ETH Market Analysis: Not yet time to bottom-fish, can expect 1300
Yesterday, Ethereum retraced at the mentioned 1660. I originally thought it would make another violent short move to 1705-1710 to annoy people, but it fell so standardly and smoothly.
In today's market, if the rebound is relatively fast during the day, reaching the resistance level of 1620-1630 in the evening, you could consider shorting again. If it undergoes a direct reversal, a retracement might only occur near 1715. But the probability is low. If you want to short, it's better to wait for the 1620-1630 area.
Although Ethereum's price action is a bit stronger, it's just that the time for it to fall hasn't come yet. Bitcoin has opened a downtrend, so Ethereum also has downside potential. Therefore, continuing to find positions to short later might be a move with greater profit potential. Personal opinion, for reference only!