Ethereum Morning Market Analysis



Ethereum follows Bitcoin in surging higher and then quickly falling back. The bulls lack sufficient strength to push higher, with clear sell pressure at high levels. The price has entered a choppy pullback trend; overall, the market is weak, and the rebound lacks staying power.

The sharp rise and fall leave a clear upper wick. Resistance overhead is strongly suppressing. In the short term, bullish momentum is exhausted. The 4-hour timeframe shows a gradual weakening trend. The bears are starting to gain strength, and the overall picture is one of a choppy downward move. Rebounds should be treated mainly as opportunities to go short.

Ethereum’s Thursday morning outlook: consider short positions near 2380 after a rebound. First, look toward 2260 on the downside; if it breaks, continue to watch the 2200 level. Strictly control position size, set your stop-losses, and don’t blindly try to catch the bottom. $BTC
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