$ETH Monday Morning Ethereum New Ideas

According to the current market situation, the four-hour level of Ethereum shows that the price is gradually approaching the middle track of the Bollinger Bands. During this process, the bears have also provided some pullbacks, and it is evident that the middle track of the Bollinger Bands is exerting certain selling pressure. The bulls have not demonstrated strong continuity, and the Bollinger Bands are opening downwards. The MACD indicator is still in the negative zone, with both the fast and slow lines operating below the zero axis, indicating that the overall trend remains bearish. From the one-hour level, the price alternates between small bearish and bullish movements between the middle and upper tracks of the Bollinger Bands. Although the price is currently in an upward state, it is clear that the bullish momentum is insufficient. Additionally, the KDJ and RSI indicators are all showing downward turning actions. Therefore, in the morning operations, we will proceed with the idea of high short positions after a rebound.

Short near Ethereum 3530, targeting 3430.