Ethereum Market Review and Market Analysis with Trading Suggestions
Today, the Ethereum market ushered in a rebound, showing a gradual upward trend. The increase is mild, but the rebound is limited, failing to form a significant upward movement. It is noteworthy that the current market's risk-averse sentiment is sharply rising, and this decline is significantly characterized by irrational emotions.
From a technical perspective combined with the evolving logic of market sentiment, only when investors' panic emotions are fully expressed will the short-selling momentum gradually decline. Based on this, it is still recommended to adopt a short-selling strategy on rallies in the subsequent operations.
Specific trading suggestions: Short near 2560, with a target price looking towards around 2500.