Ethereum Morning Outlook: Aligning with the Main Trend, Continued Bounce Still Bearish
Recently, Ethereum's movement has largely synchronized with Bitcoin, showing an overall oscillating downward structure. The price has been weakening steadily, with the low point dropping to around 2910, approaching the 2900 integer level. Amid the ongoing decline, bearish momentum dominates, and the market rhythm favors the bears.
From a short-term perspective, there is some technical rebound and correction demand, but the overall rebound strength is limited. Until the trend changes, any upward retracement should be viewed as an opportunity to position for short positions in line with the trend.
In terms of operations, focus on the rebound pressure in the 2970–3000 zone in the morning. Consider shorting when appropriate, with the targets sequentially at the 2900–2800 range.
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Ethereum Morning Outlook: Aligning with the Main Trend, Continued Bounce Still Bearish
Recently, Ethereum's movement has largely synchronized with Bitcoin, showing an overall oscillating downward structure. The price has been weakening steadily, with the low point dropping to around 2910, approaching the 2900 integer level. Amid the ongoing decline, bearish momentum dominates, and the market rhythm favors the bears.
From a short-term perspective, there is some technical rebound and correction demand, but the overall rebound strength is limited. Until the trend changes, any upward retracement should be viewed as an opportunity to position for short positions in line with the trend.
In terms of operations, focus on the rebound pressure in the 2970–3000 zone in the morning. Consider shorting when appropriate, with the targets sequentially at the 2900–2800 range.