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ETH is currently oscillating at low levels, with the technical indicators (MACD, moving averages) still favoring the bears—the downtrend has only paused temporarily.
- This rally is an emotional rebound with weak volume and weak buying pressure, characterized as a "hollow rise."
- Selling pressure is heavy, with large sell orders pressing down around 2111, preventing further gains.
- Trading recommendation: Short directly at the current price of 2111 with a stop loss above 2130; first target at 2080, watch 2050 if that level breaks; use any rebounds as opportunities to add positions, with a favorable risk-reward ratio.
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