#ETH seems like the weather in Guangzhou, sunny yesterday, heavy rain today.
Weak, but the bullish structure is not broken; at the current position, both long and short have reasons!
---The reason to go long is very simple: the bulls are strong, mainly focusing on low entries. Right now, I am waiting for an opportunity at 1680.
---The reason to go short is that, first, 1840 is under pressure, and secondly, there is a downward trend line drawn from 4090 last year that is currently being resisted, which is the reason for shorting. Cost-effectiveness, short at 1840, with a stop loss on breakout.
---If 1760 breaks, we temporarily look at a correction script.
---If 1840 can break, it will further open up rebound space, with the next target at 1920 and the furthest target at 2100. The latter is the boundary line between bulls and bears, very important!