Ethereum Short Signal: Where Should Bulls Go?

Hello everyone, I am your deeply autumn brother. Yesterday we shorted above 3700 and touched a low of 3550, achieving a total profit space of 150 points.

This morning, the sentiment for ETH remains high. I have said before that there is nothing the bulls dare not take a chance on, so we must thank those steadfast opposing positions for every profit we make on our short trades.

Today we are still considering shorting at the resistance level of Adoufang. Currently, Ethereum's strong resistance is around 3660–3680, and if we want to be extreme, we can push up to around 3710 to explode the shorts before coming back down! Here, we try to place a short order in the 3666 area, with leverage not exceeding 50x.

I believe that friends who have experienced bear markets and deep pullbacks have been touched in some way. Testing sentiment at support levels with long positions is fine, but don't mindlessly FOMO chase long positions!

Alright, this short-term analysis of Ethereum ends here. If you want to see an analysis of which coin next, please leave a comment and like ➕ follow to avoid missing the latest updates!