Although Ethereum (ETH) has recently been in a rebound phase and is performing better than Bitcoin, after rising to 2710 yesterday, it was unable to hold and has now pulled back to around 2650, showing signs of pressure in the short term. From a technical perspective, the 4-hour MACD shows a bearish divergence, and the RSI has fallen from the overbought zone to below 60, indicating weakened bullish momentum. Additionally, the price has broken below the short-term support at 2660 (the upper limit of the previous consolidation range), and if it further loses support at 2640 (4-hour MA20), it could accelerate the pullback to the 2600-2580 area.
Operational Thought:
In the short term, attention can be given to the resistance around 2660-2680 for any rebounds; if it cannot effectively break through, the inclination will be to short on rallies, targeting down to 2600-2580. If the price strongly rises above 2700, it will be necessary to observe whether a new round of rebound begins. As the current market sentiment is still dominated by Bitcoin, it is essential to closely monitor the impact of Bitcoin's movements on ETH, manage positions, and implement strict stop-losses.
