Yesterday, the short sellers have all had their fill, and now we continue to watch the Ethereum shorts explode! The four-hour line has strongly broken through the lower Bollinger Band, with the channel continuously opening downward, and the signals of bearish strength are getting stronger. The daily line is still operating in a downward channel, with no strength in the rebound and no signs of reversal, and there are no signals of a stop-loss in the market.
It is recommended to focus on the target: layout short positions around 3020-2980, with the initial target at 2880, and if it breaks, continue to look down to 2720.
