Ethereum did not follow the big brother's (Bitcoin's) trend yesterday and instead oscillated downward throughout the day. After dropping to the 2061 area last night, it found slight support and then oscillated up and down until early today when it faced pressure again around 2100. On the 4-hour chart, this area oscillates narrowly above the middle band as support. Although the middle band has not been broken in the short term, the rebound momentum is clearly weakening. Today's focus should be on the 2100 level – if it holds, we can maintain short positions near this area, targeting the 2050-2000 region below.

ETH1.01%
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