Ethereum Weekly Review: Long-term Layout Opportunities Gradually Emerge, How to Grasp in a Bearish Trend?
This week, Ethereum reached a high of around 3450, followed by a continuous pullback to around 3040. Currently, the price is fluctuating around 3100, with the rebound clearly limited, and the overall trend is weak.
From a weekly perspective, Ethereum is operating near the middle-lower band of the Bollinger Bands, with the MACD indicator below the zero axis and continuing to expand, indicating a clear bearish trend. Even if a rebound occurs, it is more of a technical correction and can be seen as an opportunity to layout short positions.
You can short near 3250, add positions around 3320, set a stop-loss at 3370, and initially target 3040, with a breakdown target of 2800.
