Yesterday, Ethereum rebounded strongly in the morning, but it was weak at the close. The daily chart showed a negative candlestick, VR and OBV indicators weakened at the same time, and MACD was close to the 0 axis, indicating that the market was biased towards the short side. The pressure level in the morning is in the 3570-3600 range. Only when it stands firmly at 3600 can it start a strong market. At present, Ethereum lacks obvious strong signals and continues to weaken. The short-term support in the day is around 3460, and the secondary support is at 3420. If the latter falls below, it may further weaken. It is expected that the rebound in the morning will not be strong, and the operation suggestion is mainly high-altitude.
The specific operation suggestions are as follows:
Open a short position near ETH 3520, stop loss 3545, and continue to hold the target 3490-3460-3420. If 3545 is broken, consider short-term long orders to around 3565-3590,
then turn short to 3570-3590, strictly control risks, stop loss at 3610, target 3540-3500-3450-3400 break and hold.
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