$ETH
1-hour level, after the price broke below the middle band of the Bollinger Bands, it has been oscillating in the range of the lower middle band, with a clear bearish pattern and weak rebounds, market sentiment is sluggish.
4-hour level, after a single bullish candle, the competition between bulls and bears intensifies, with the price running close to the lower band of the Bollinger Bands, highlighting the bearish advantage.
Overall market is weak, with a low possibility of a short-term breakout. It is recommended to focus on short positions during rebounds and to consider long positions during pullbacks.
Ethereum midday operation suggestion: open short positions around 2550-2570, targeting the 2500 level, and further downside if broken.
