Today's Market Trend Analysis💥
Ethereum's recent trend lacks significant volatility and continues to show a weak pattern overall. Since breaking below the support level of 3050, the price has been under continuous pressure, with limited rebound strength. Bears are consistently increasing their positions, and bulls have failed to effectively break through key resistance levels, indicating that market sentiment remains cautious and pessimistic.
From a technical perspective, Ethereum is still in a downward trend, with each rebound failing to sustain and instead becoming an opportunity for bears to intensify their efforts. If it cannot regain the 3000 level in the short term, the weak market trend will be difficult to reverse. Therefore, under the current market sentiment, short-selling operations after a rebound remain the main strategy.
Operational advice: U.S. stock markets are closed, and market volatility is limited; short-term operations can be conducted.
