#大户持仓动态 [Technical Analysis of Ethereum] Rebound encounters resistance, trading volume is severely insufficient.



The Ethereum daily chart shows that this rebound lacks "goods"—the trading volume has clearly shrunk, which is a typical sign of accumulation bait. The 4-hour chart showed a brief upward push in the morning, leaving a long upper shadow, indicating that the bulls are already exhausted. The price is stuck at the top of the range and unable to move. Since a breakout seems unlikely, a downward movement is highly probable. It is expected that the daytime will be mainly weak fluctuations.

The trading idea is straightforward: short near the resistance area of 3070-3110. The initial target points to 2950, and if it breaks here, we will continue to look at 2900. $ETH The correlation with $SOL is worth paying attention to, as there is still quite a bit of room.
ETH1.83%
BTC1.54%
SOL1.41%
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