Ethereum's rebound is facing resistance, has the main force finished unloading and is a deep correction imminent?
In the last trading day, Ethereum experienced a fluctuating rebound in the morning session, rising to around 2645 in the evening session under pressure, and then began to move downward. It just fell to around 2455, a key support level for a rebound, and the current market is operating around 2470. The Bitcoin market fluctuated upward during the day, reaching a peak of around 104500 in the early morning but did not break through the previous high and retraced again, just falling to around 102500 and starting to fluctuate, currently operating around 102800.
Yesterday, if the upper resistance of 2600-30 was not broken, it was recommended to enter the market with a defensive short position, and real-time strategies also provided corresponding short position suggestions; friends who followed the operations made a good profit on the short positions.
Currently, the bearish trend is on the rise, and if it breaks down, pay attention to the support around 2360-80 below. Today's operation suggests that we first look for a market pullback; if the lower support is not broken, then consider entering long positions.
