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Ethereum is currently short-term bearish and experiencing weak consolidation.
The larger cycle is in a retracement, while the smaller cycle is in a downward channel.
The current level around 2093 is hard to predict, making it difficult to operate.
Suggestions:
- Short near 2110 on rebounds
- Long near 2050 on sharp dips
Note:
- ETH follows BTC, and when BTC drops, ETH drops even more
- Currently, it's a consolidation shakeout; operate with light positions (5%-10%)
- Short-term bears are dominant; focus on shorting at highs
#加密市场行情震荡 $ETH #Gate广场四月发帖挑战