Ethereum broke through the descending channel last night, rallied to the trendline and upper resistance level before pulling back. After the trendline is broken downward, it becomes a resistance level. With two resistances converging together, a converging triangle is forming to choose direction. Additionally, the 4H candle body hasn't stood above it, so my personal view for today is still bearish.
#ETH
Ethereum broke through the descending channel last night, rallied to the trendline and upper resistance level before pulling back. After the trendline is broken downward, it becomes a resistance level. With two resistances converging together, a converging triangle is forming to choose direction. Additionally, the 4H candle body hasn't stood above it, so my personal view for today is still bearish.
Intraday Operation Suggestions:
2160-2190 Short
Stop Loss: Break above 2200
Targets: 2125—2100—2080