Ethereum (Eth) is currently showing a pullback pattern at a small level, but overall it is still operating within a range. The short-term trend direction largely depends on tonight's news.
From a technical perspective, if the small level continues to pull back and the price reaches the upper edge of the range with a long upper shadow, I plan to short here, with an expected entry price between 1850 - 1880.
If no topping signals are evident at the small level, I will abandon the short strategy.
Due to the significant impact of tonight's news, the difficulty of predicting market trends has increased, so conservative investors are advised to refrain from trading and wait for the news to be released before making plans.
If you want to speculate on the news market, be sure to participate with a light position, set a breakeven stop-loss promptly after making a profit, and strictly control risks.
