$ETH

Currently, ETH needs special attention on two resistance levels. The first is at 3230, which has been challenged many times and is also near the 0.618 level. Of course, there is also a smaller resistance to reference, which is the current position of 3050.

The key support below is at 2800. ETH has shown a rebound now, but it is still in a weakening trend. ETH has not created higher highs, and the previous highs have not been broken.

Shorting strategy: A low-risk operation still suggests that everyone should consider shorting at highs and pay attention to the two resistance levels.

The key for ETH is to focus on the subsequent trends. If it breaks the previous high of 3167 and does not create a lower low upon retracement, and then breaks 3250 without creating a lower low upon retracement, then ETH will show a trend reversal upwards.