【Ethereum Weekly Review】 The 4-hour fluctuation is only for a better decline, go short!
Brothers, don't be fooled by the narrow range consolidation on the 4-hour chart! This is a typical bearish continuation trap. Technically, the MACD bullish momentum is shrinking, the red bars are shortening, and the upward momentum is clearly weakening, which is just the main force trying to lure buyers. There is heavy pressure above, and the rebound is weak; the longer the fluctuation, the greater the probability of a downward breakout. Once the lower edge of the box is lost, a waterfall will come immediately!
You can arrange short positions around 3050 and 3120. If it rebounds to around 3170, you can add to your position, with the stop-loss set above 3210.
The first target below is 2850, and if it breaks, continue to look down to 2750.
