Ethereum's overall trend remains weak, with limited upward momentum. During the flat session, it broke below 2800 and dipped to around 2790 before rebounding with oscillation. Currently, on the one-hour chart, it is near the upper band of the Bollinger Bands. The intraday trend is more towards a corrective upward move, but it is not accompanied by significant bullish volume. Tonight, pay attention to CPI news, and I personally lean towards a continued downward move with a break below the recent low.
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Ethereum's overall trend remains weak, with limited upward momentum. During the flat session, it broke below 2800 and dipped to around 2790 before rebounding with oscillation. Currently, on the one-hour chart, it is near the upper band of the Bollinger Bands. The intraday trend is more towards a corrective upward move, but it is not accompanied by significant bullish volume. Tonight, pay attention to CPI news, and I personally lean towards a continued downward move with a break below the recent low.
Ethereum: 2872 short, target 2772, stop 40 points #BTC #ETH