4.2 Ethereum Morning Analysis



Ethereum surged yesterday then pulled back. Although it appears strong, there are hidden risks. The rebound momentum is clearly insufficient, and the hourly chart has shown signs of stalling, indicating that the bullish strength is weakening.
Market sentiment is now polarized. The risk of chasing high positions is greatly increased. Do not follow the trend blindly.
The current overall environment is bearish. The rebound is just a trap for more sellers; do not be fooled by short-term gains. The downtrend remains unchanged.
In terms of trading strategy, sell on rebounds, follow the trend, and avoid greed and holding onto positions excessively.

Trading Suggestions
Short in the 2130-2150 range, with targets around 2080-2050.
ETH-3,82%
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