The market for $ETH is moving somewhat sluggishly, and the bearish outlook remains unchanged. If it doesn't plunge further, the price won't rise. Currently, there are too many buyers in the market, causing serious overload. A significant number of people must be cleared out before it can take off again!
Those holding Bitcoin short positions at 99500 have already reduced their positions at 97500. If it goes down to 95500, they will reduce their positions again, then they are looking at 93500, which remains unchanged. After reducing positions, they will aim to break even!
Bitcoin's current price is around 96300. For aggressive traders, they can enter short positions lightly around 96600, adding to their short at 97600. The targets are 95500, 94500, and 93500. For conservative traders, wait to enter short at 97600, with the same targets remaining unchanged!
Ethereum's current price is around 3386. For intraday trading, short positions can be considered at 3405 and 3440, with targets down to 3350, 3270, and 3220.