According to the current market situation, the four-hour level shows that the Ethereum market is presenting a staircase-like downward trend, approaching the lower Bollinger Band. Although the price has rebounded somewhat, the overall trend has remained within a downward channel. Considering the overall movement, the bulls experience a downward exploration after each rebound, so the current rebound is just a normal correction method. From the one-hour level, after a rebound, the market stops at the middle Bollinger Band, the KDJ indicator's J value has entered the overbought area, the RSI indicator's three lines show signs of turning down, and the MACD indicator's dual lines are also operating below the zero axis. Therefore, this morning, we can proceed with a high short strategy.
Ethereum can be shorted around 2250, with a target of 2150.
