Wednesday Morning Market Analysis
Focus on Ethereum
Ethereum has been continuously pulling back from its high, during which there have been multiple attempts at rebounds; however, the bearish forces have firmly maintained control over the market. The overall downward trend has not changed, and bearish momentum continues to be released.
In terms of operations, focus on shorting during rebounds, with attention on the upper pressure at 4200, which can be shorted upon reaching.
Operational Advice:
Short Ethereum at 4180-4200, target 4100-4000.
