ETH Early Morning Observation

Currently, it seems that there might be a small rebound in the short term, but don't be too optimistic; after the rebound, it is highly likely to head down again.

Why do I say this? If you look at the current rhythm, the strength of the rebound is actually not very strong. When it reaches around 3640-3660, it's likely to hit a wall. This range is a small hurdle; it has failed to surpass this point in previous attempts, and this time, when rebounding to this level, it is very likely to get pushed down again.

So in terms of operations, if it really rebounds to around 3640-3660, it might be worth considering a short position.

As for the target, let's first look at 3590, which is a middle point that has been fluctuating around recently; if it drops to that level, there could be quite a bit of room. If it moves smoothly and breaks through 3590, then the next target would be around 3530. If it breaks 3680, the strategy needs to be adjusted.

Of course, the market is unpredictable, especially in the early morning when fluctuations can be quite sudden. If you do decide to trade, remember to set your stop-loss properly; don't be greedy and don't panic; a steady approach is more reliable. #ETH🔥🔥🔥🔥🔥🔥