The trend of #ETH is becoming increasingly weak, as it has been hitting previous highs in the last couple of days, with each peak being lower than the last. Can it muster some strength? 🫠

The movements of Auntie and Bitcoin are closely synchronized. As long as Bitcoin successfully breaks above 960 in the next couple of days, Auntie will also test the 1880 level upwards.

There is significant resistance in the range of 1830 - 1850 above Auntie. Before the trend becomes clear, short positions can be entered around this range, while paying close attention to changes in trading volume.

For long positions, entry can be made at the support level of 1720 - 1750, with a short-term target of around 1820. If a breakout with increased volume occurs, the bullish outlook can continue towards 1850 - 1880.