# Midday Trading Thoughts

Ethereum has recently maintained high-level consolidation. While it appears to be range-bound, the bullish momentum is actually continuously weakening. The key resistance above remains unbroken despite repeated attacks, and the 2100 support below appears effective but is actually precarious. On the daily chart, the rebound shows signs of fatigue. Continuous probes at the resistance above have all ended in pullbacks, with insufficient bullish conviction to push higher. In the short term, it’s more biased toward bearish accumulation.

The current market shows no obvious strong reversal signals. Instead, multiple failed attempts to rally expose heavy selling pressure above. It’s inadvisable to blindly buy the dip in the morning session. Should follow the short-term weak structure, treating rallies as opportunities to short.

## Trading Suggestions

**Bitcoin** near 71,500 – Short, target near 70,000

**Ethereum** near 2,180 – Short, target near 2,130