Ethereum closed with a large bearish candle yesterday, continuing to pull back this morning. The weekend's rebound has been erased, and yesterday's long position was unfortunately stopped out. On the 4-hour level, the last candle closed as a bullish doji, showing signs of a halt in the decline. Going forward, pay close attention to the lower support at the 2600 line; if it doesn't break below here during the day, we should see a rebound. The upper resistance is at the mid-band resistance of 2670, followed by 2720, and then the previous high of 2770.
For intraday short-term operations, I still lean towards low longs. The market is currently testing support below, oscillating around 2650. For the day, look to buy at 2620 and 2580, with targets at 2670 and 2720. If it breaks above, look for 2770, with a stop loss at 2550.
