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Ethereum correlated with the overall market repeatedly oscillates in the high-range zone, with upward momentum continuously weakening, and resistance levels firmly suppressing the price. Multiple attempts to push higher have failed to sustain the rally. The bulls lack driving force, and short-term signs of pressure and weakness are gradually emerging. The overall market remains in a weak consolidation state. Every rebound and correction presents an excellent opportunity for a high-altitude short position.
Trading reference: Enter short positions around 2400 for Ethereum in a trend-following manner. The downside target for pullbacks is between 2330 and 2280. Place stop-loss risk control at 2450, and manage position sizes carefully. The current overall strategy is to focus on shorting rebounds, prudently capturing profits during pullback waves. $ETH $BNB $XRP
Ethereum correlated with the overall market repeatedly oscillates in the high-range zone, with upward momentum continuously weakening, and resistance levels firmly suppressing the price. Multiple attempts to push higher have failed to sustain the rally. The bulls lack driving force, and short-term signs of pressure and weakness are gradually emerging. The overall market remains in a weak consolidation state. Every rebound and correction presents an excellent opportunity for a high-altitude short position.
Trading reference: Enter short positions around 2400 for Ethereum in a trend-following manner. The downside target for pullbacks is between 2330 and 2280. Place stop-loss risk control at 2450, and manage position sizes carefully. The current overall strategy is to focus on shorting rebounds, prudently capturing profits during pullback waves. $ETH $BNB $XRP