In the four-hour cycle of Ether, after the previous sharp decline, the market data has shown a technical recovery with two consecutive bullish candles, but it has not broken through the core operational framework of the downward channel, and the market pattern dominated by short positions has remained unchanged. The short-term moving average system shows a standard bearish arrangement, with the middle band of the Bollinger Bands moving downward simultaneously, creating continuous pressure. Multiple technical signals confirm that the current market situation is merely a weak consolidation after the fall, and it is by no means a turning point for a trend reversal. Throughout the day, we still adhere to a high short strategy.
Ether recommends short positions near 2820, 2950, with targets at 2720, 2600.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
In the four-hour cycle of Ether, after the previous sharp decline, the market data has shown a technical recovery with two consecutive bullish candles, but it has not broken through the core operational framework of the downward channel, and the market pattern dominated by short positions has remained unchanged. The short-term moving average system shows a standard bearish arrangement, with the middle band of the Bollinger Bands moving downward simultaneously, creating continuous pressure. Multiple technical signals confirm that the current market situation is merely a weak consolidation after the fall, and it is by no means a turning point for a trend reversal. Throughout the day, we still adhere to a high short strategy.
Ether recommends short positions near 2820, 2950, with targets at 2720, 2600.