Ethereum, last night experienced a quick pullback after a rally to the 2088 area, falling back to around 2007. It then tested the highs again in the early morning, both times facing resistance around 2085, indicating strong short-term resistance. On the four-hour chart, after a sharp decline to around 1916, support was established and a rebound occurred. Following a strong bullish surge, the price broke through the upper band resistance, but failed to continue and subsequently retreated to test the midline support before rebounding again. The short-term momentum is relatively strong, but this is not a reversal. Therefore, the strategy is to short on rallies. Refer to short positions around 2055 and 2080, with a target of 2000-1950. $ETH

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GateUser-229c4c88

· 1h ago

Ethereum, last night a rally peaked around 2088 but faced resistance and quickly pulled back to around 2007. It then tested the upside again in the early morning, both times encountering resistance around 2085, indicating strong short-term pressure. On the four-hour chart, after a sharp decline to around 1916, support was established and a rebound followed. After a strong bullish surge, the price broke through the upper band resistance, but failed to sustain the move and retraced to test the middle band support, then rebounded again. The short-term momentum is relatively strong but not a reversal. Therefore, the strategy is to short on rallies. Consider short positions around 2055 and 2080, with a target of 2000-1950. $ETH

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