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Brother Ran's Ethereum follow-up quick report on the overall market $ETH
Throughout the day, Ethereum has been fluctuating and consolidating in a sideways pattern
But currently, many traders believe that 2180 is the strongest support at the bottom, expecting a rebound to build a base and then short for better value
However, Brother Ran does not think so; maybe because my thinking is unique, perhaps I don't have the same advanced skills as others, etc.!
Brother Ran's analysis of the reasons for shorting: Ethereum's recent market trend has been consistently weak and declining, with many trapped positions above 2240 in the short term. From the hourly chart, 2200 has formed a new breakout level, inducing bulls to enter and lay in wait. Plus, Brother Ran received unfavorable news from the US stock market again tonight, so the bulls are already at their limit. A pullback is a sign of a decline, a quick drop back, and the subsequent trend will continue to fall steadily $BTC $GT
At least the target can be seen as 1-2 times.