ETH Evening Analysis
In the morning session, the price dipped to the key support level of 2111, forming a 'single needle bottom + consecutive positive candles' pattern, indicating a release of selling pressure and a bottoming signal, with buying activity actively pushing for a short-term strength. After rebounding to 2248, the candlesticks showed alternating bullish and bearish movements with narrow fluctuations.
The weakening of bullish candles indicates a decrease in momentum, and there hasn't been any pressure from bearish candles, leading to a stalemate. Currently, the candlesticks are in a range consolidation phase, waiting for a directional choice.
It is recommended to short in the evening at 2280-2310, targeting around 2220-2190.
