For ETH, the short term looks bearish, but it won’t affect the long-term bullish outlook. For intraday trading, if possible, place short entries on a pullback after selling into the highs in the 1900 to 1910 range. It’s expected that near the current price there will be a period of consolidation; after consolidation, there may be an upward wick, followed by continued downside. For longs, try to go in around 1850 to 1845 (adjacent). For shorts, reduce at 1850 first, and try to keep a core position in case it breaks below 1800.

ETH-0.65%
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