#以太 Morning Market Analysis!
Looking at the 4-hour level, yesterday Ethereum rebounded and approached 3030, but failed to effectively break through the key resistance zone of 3020–3050. Overall, it is still in the phase of correcting the previous downtrend.
There is significant selling pressure above, and there is insufficient buying willingness above 3020. If it cannot stabilize in this range, there is a possibility of a short-term pullback to the Bollinger middle track.
From a daily perspective, the downward channel pressure remains firm, forming a strong resistance box at 3020–3050, with multiple attempts failing. If the trading volume does not significantly increase, the market is likely to test support again.
ETH trading suggestion: Go short with light positions in the 3020–3030 range, add positions at 3050, with a target of 2980–2950.
The trend has not yet reversed; the operation should mainly follow the trend with a bearish bias. Do not chase if the rebound does not exceed 3020.
