Yesterday, the bottom pattern was gradually forming, so do not chase shorts. As expected, the market rebounded in the late night hours, with Ethereum bouncing back to around 2160, near the 15-minute MA100 resistance and previous resistance level. The strong resistance is around 2180. Rebounds can be shorted.

Ethereum is experiencing a slow oscillating decline, primarily affected by weak U.S. stock market weakness at the open. Currently, at the one-hour level, MACD and RSI show bottom divergence, with K-line continuously releasing volume and closing with small wicks. On the four-hour level, support is near 2080, which is the rally starting point of this round of price action. A bottom formation is gradually taking shape. Avoid chasing shorts. Use bounces to short. If price continues a slow decline, build long positions in batches #Gate13周年全球庆典 $ETH