Daily Market Analysis: $ETH

As I mentioned in my last daily article, "Selling can be done at high points in a downtrend." I drew your attention to the 3660 area, which seemed to be a suitable point to open a short position. Now the first target TP1, 3435 region, has been reached and the next target is TP2, 3215 region.

Currently, it is not appropriate to open a long position due to reactions coming from the bottom levels. As the amount of reaction increases, the effect is likely to weaken. Those who want to buy should follow the market movement closely; A bottom formation has not yet been observed in small time frames.

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