#以太坊行情解读 Ethereum Weekly Observation: Short positions still persist, consider shorting at high levels this week.

The long-term shorting strategy from last week was indeed effective, with the market moving down by more than 400 points. However, judging by this week's performance, overall market sentiment remains relatively sluggish, and there are no clear signs of a rebound. Therefore, we will continue with this strategy—continuing to enter short positions at high levels.

From the 4-hour candlestick chart, the price is oscillating within a converging triangle, with the volatility narrowing day by day. This indicates that the market is gathering strength and will soon choose a direction.

The situation with MACD can also indicate the problem well. The volume bars are continuously shrinking, both lines are below the zero axis, and they maintain a short positions arrangement. Although the strength of the short positions is diminishing, the overall trend is still biased towards a decline.

Operation suggestion: Consider shorting around 3050 and 3120, and add a short position at 3170. Set the stop loss at 3210; if this level is breached, consider cutting losses. The targets are set at 2850 and 2770.

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