#ETH
The 4-hour MACD shows a bottom divergence but the rebound momentum is insufficient. If the golden cross fails, it may trigger a second bottom; Ethereum has recorded long upper shadow dojis for three consecutive days, indicating heavy selling pressure above 2550; the MACD daily golden cross has failed, and the short-term structure is weak.
From the current overall market perspective, after the price fell to around 103300 yesterday, it did not break down further. This morning, the price gradually recovered upwards and is currently back around 104700. Due to the US stock market being closed, overall liquidity is insufficient. In terms of operations, we continue to maintain a strategy of shorting high and buying low, running short-term trades, with a focus on yesterday's high of around 105500.
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