From a 4-hour timeframe perspective, Ethereum's overall bearish structure remains unchanged, with the 2200 critical pivot level already being tested. Following a precise retest of support last night, the rebound lacks momentum and bullish follow-through is weak.
This position represents a key defensive line for bears. Once broken effectively, it will directly open downside space and continue the one-sided bearish trend. Even if there is a short-term rebound, it should only be viewed as oscillatory correction, with selling on rallies as the main focus.
Upside pressure is concentrated near 2210. Resistance on rebounds represents the optimal shorting point. Avoid chasing shorts or bottom fishing; the core strategy is to short on rebounds.
**Trading Recommendation**
Scale into shorts in the 2150-2170 range, with targets aimed at the 2050-2080 area
3-20 Ethereum Midday Analysis
From a 4-hour timeframe perspective, Ethereum's overall bearish structure remains unchanged, with the 2200 critical pivot level already being tested. Following a precise retest of support last night, the rebound lacks momentum and bullish follow-through is weak.
This position represents a key defensive line for bears. Once broken effectively, it will directly open downside space and continue the one-sided bearish trend. Even if there is a short-term rebound, it should only be viewed as oscillatory correction, with selling on rallies as the main focus.
Upside pressure is concentrated near 2210. Resistance on rebounds represents the optimal shorting point. Avoid chasing shorts or bottom fishing; the core strategy is to short on rebounds.
**Trading Recommendation**
Scale into shorts in the 2150-2170 range, with targets aimed at the 2050-2080 area