#ETH Some people say to short from 2800 down to 2500. At this point, can Ethereum still be shorted? 2800 indeed has resistance, but it doesn't mean you can short as soon as it hits 2800; rather, after breaking above 2800, there might be a brief pullback to close around 2800.
Bitcoin is oscillating sideways around the critical point of 110000, while Ethereum and other altcoins are bullish and awaiting an uptrend.
At 2742 and slightly below, and at 2680 and slightly below, you can set up to buy on dips; the lower it goes, the more you should focus on buying rather than shorting. Just below 2640 is also a good dip-buying point, but it shouldn't be treated as a target for shorting because there may not be another opportunity to reach that point.
The current market may not be so easy to drop. Ethereum has been oscillating and closing sideways around the 2540 level for 4 weeks now. It has only briefly dipped back to 2382, solidifying the bottom. Now, it is highly likely that the trend has changed, and it should be time for an upward breakthrough, potentially rising to a new resistance range of 3040-3100 or slightly above, or above 3140 it would be better to consider shorting, as there might be a new significant oscillation period.
Looking at the current situation around 2800, there aren't many opportunities to short. Slightly above 2820 indeed presents pressure, and shorting once or twice is not easy to continue. If you keep shorting, you might get trapped, and then it could rally upwards, making it difficult to close the positions. There are a lot of people trapped below 2600 waiting to exit, and the market has already turned bullish; it's time for a change. You shouldn't chase shorts; instead, buy on dips, and if you are trapped in a long position, you can still exit profitably. Aim to buy on dips and reach above 3000.
Looking at resistance levels, there might be a short opportunity at 2880-2900 for the first time, around 2940 there could be a short opportunity, and at 2980-3000 there could be a short. As it approaches 3150 and slightly above, and above 3175, there is a relatively good space for shorting. $ETH