ETH rebounded from low levels but is facing renewed pressure. The moving average and the middle band of the Bollinger Band form dual resistance, with insufficient bullish momentum and bearish trends still dominating.
Short-term support is near 2120-2130. If the rebound lacks strength, the 2160-2170 zone presents a new shorting opportunity, where dense trading volume merges with moving average confluence resistance. Enter shorts directly on rebound pressure.
The overall downtrend structure remains intact, with rebounds serving only as technical corrections, not reversals. The first target for short positions is 2100, and if broken, the next target is 2050. Going short with the trend is more reliable.
ETH rebounded from low levels but is facing renewed pressure. The moving average and the middle band of the Bollinger Band form dual resistance, with insufficient bullish momentum and bearish trends still dominating.
Short-term support is near 2120-2130. If the rebound lacks strength, the 2160-2170 zone presents a new shorting opportunity, where dense trading volume merges with moving average confluence resistance. Enter shorts directly on rebound pressure.
The overall downtrend structure remains intact, with rebounds serving only as technical corrections, not reversals. The first target for short positions is 2100, and if broken, the next target is 2050. Going short with the trend is more reliable.