Ether rebounded after reaching 2980 yesterday and is currently fluctuating around 3037. The weekly chart is running near the lower band, and the technical indicators show a bearish trend. The daily chart has consecutive upward movements, with the coin price running below the middle band. Although the moving averages on the 4-hour chart are in a bullish arrangement, the divergence between volume and price indicates weakening momentum, and the extremely low trading volume suggests a lack of effective continuation in the upward direction. Throughout the day, the short-term strategy continues to maintain a focus on high short positions.
Trading suggestion: Short near 3070, target around 2850.
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LuckAndFortuneComeTo
· 11-27 20:47
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Ether rebounded after reaching 2980 yesterday and is currently fluctuating around 3037. The weekly chart is running near the lower band, and the technical indicators show a bearish trend. The daily chart has consecutive upward movements, with the coin price running below the middle band. Although the moving averages on the 4-hour chart are in a bullish arrangement, the divergence between volume and price indicates weakening momentum, and the extremely low trading volume suggests a lack of effective continuation in the upward direction. Throughout the day, the short-term strategy continues to maintain a focus on high short positions.
Trading suggestion: Short near 3070, target around 2850.