$ETH
Reminder this morning that around 1810! Can't get up in an hour
Definitely a "false rebound", continue to look bearish
The bears had a good laugh today
Tonight's thoughts
Price rebounds to the 1807-1824 range
Four-hour K-line closing price effectively breaks above 1824 (confirmation of closing shape needed)
First target at 1735 USD, if broken can look to 1665
If the four-hour level closes strongly above 1824
And accompanied by increased trading volume, it can be seen as a bullish trend reversal signal.
Subsequent market is expected to challenge the 1870 resistance level
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