💥 $ETH Precise points handed directly to you! All bounces are short opportunities. Don't be fooled by false reversals into chasing longs!

From the chart perspective, ETH surged near 1755 but failed to continue rising, showing clear signs of stagnation. Selling pressure above increased, and long positions began taking profits, causing short-term upward momentum to weaken rapidly. Shorts started to exert pressure, dropping to a low of 1712. As a key short-term support, there was some capital absorption. Although a bounce occurred, the rebound strength is limited with no significant volume increase. For now, it can only be defined as an oversold repair, not a trend reversal.

The current market is still in a weak consolidation phase after a high-level pullback. The short-side advantage is not completely over. Moving forward, focus on the resistance zone of 1728–1750. If the rebound fails to break through effectively, there is still the possibility of retesting support near 1712 or even 1700.

Nannan's personal trading suggestion: Short ETH at 1760–1750, target 1710–1680, stop loss 1780.