$ETH
Currently, the overall trend of Ethereum is still in a weak state of range-bound fluctuations, with no signs of effective breakthroughs in the short term. From a technical perspective, the hourly rebound lacks strength, and the bears are gradually gaining the upper hand. This round of rebound has approached previous highs, and the bullish momentum has clearly weakened, with strong resistance still pressing from above.
Therefore, the strategy is to consider shorting within the 1850-1880 range to capture the potential decline ahead.
The current market lacks clear bullish catalysts, and ETH rebounds are mostly weak corrections.
The upper range of 1880-1900 is a previous area of heavy entrapment, posing significant pressure.
In a fluctuating market, it is more advisable to focus on high-position layouts around resistance levels, following the trend.
🔹 Entry Range: 1850-1880
🔹 Stop Loss Position: Above 1900 (to control risks and prevent sudden movements)
🔹 Target Level One: 1770 (first support)
🔹 Target Level Two: 1730 (previous low area, likely to retest)
