ETH Morning Observation
From a technical perspective, ETH's short-term momentum has shown some improvement, with a three consecutive bullish candlestick pattern releasing a potential bullish reversal signal. However, it is important to note that the long-term trend still appears weak, and insufficient trading volume diminishes the reliability of this signal.
The short-term moving averages are sloping upwards while the long-term moving averages remain downward, which reinforces the market's oscillation characteristics. #BinanceHODLerDOLO
On the news front, there are currently mixed bullish and bearish factors: BTC is facing selling pressure in the resistance zone, and ETH similarly lacks a clear directional driver after its pullback, causing market sentiment to remain cautious.
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Consider shorting near the 4550–4530 range, with a target in the 4470–4440 zone below.
If ETH effectively breaks through 4560, a reassessment of the strategy is needed, as the bearish outlook may be disrupted.
Su Ge's view: Currently, ETH is more inclined towards a range-bound oscillation pattern, and chasing longs carries greater risk; instead, positioning for shorts at key resistance levels offers better value.
For short-term trading, it is advisable to enter and exit quickly, waiting for a breakout with increased volume before considering directional trades.
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