The performance of the Ethereum market is drawing attention, with signs of a seemingly weak trend reappearing, prompting extensive discussion among market participants. Some investors believe that the current weakness of Ether may be a signal of a market reversal.
From the price trend perspective, Ether's current price has surpassed the high level of May. This breakthrough should have been a relatively positive signal, but the reality is that both bulls and bears are engaged in fierce competition at this point. The bulls are attempting to leverage the momentum of the price breakthrough to further push up the Ether price and solidify the upward trend; meanwhile, the bears are doing everything possible to suppress it, trying to reverse the situation and trigger a price correction. In this entangled situation between bulls and bears, the following advice is given to investors with trading intentions: consider trying to short in the price range of $2780-$2800. The basis for this suggestion is that the current fierce battle between bulls and bears presents strong resistance in this range. The bear's strength may gain the upper hand here, leading to a price decline. The target price for shorting can be aimed at $2700, which is an important support level in previous price fluctuations. Once the price drops to this level, it is likely to trigger more selling pressure, causing the price to further dip.
