Market Observation | Short-term Ethereum: Weak consolidation continues, bears dominate with a strategy of selling on rallies



ETH on the 1-hour chart is consolidating with low volatility between 2020 and 2080, MACD shows a weak bullish crossover, buying momentum is lacking, and VWAP indicates multiple resistance levels above. The 4-hour chart shows a significant decrease in volume, with the 2020 support level providing weak rebound strength. The 2200 level is a strong resistance point, and the overall trend is clearly bearish. The current consolidation is merely a correction in the downtrend, not a reversal.

In terms of trading strategy, focus on a bearish approach. When the price reaches key resistance levels, consider gradually opening short positions, while strictly managing risk. Unsure when to enter? Try the "Bamboo Leaf & Top Pin" strategy 🤔 $ETH #美联储加息预期再起
ETH2,57%
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