#数字资产市场观察 November 2 Ethereum midday interpretation
Looking at the 4-hour trend, ETH has dropped quite directly this time, with a one-sided sell-off that shows no mercy. Although there is a slight rebound, the volume clearly cannot keep up, and the bulls basically have no fighting power at this moment. This kind of rebound is frankly just a technical breather during a downtrend, and the trend has not yet reversed, so the strategy should still lean towards shorting.
Trading idea: You might consider placing short positions in the range of $ETH 2830 to 2850, with the initial target around 2760, and further monitoring the position at 2720. Remember to manage your positions well and avoid chasing highs.
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ZkSnarker
· 15h ago
well technically, that "technical bounce" is just eth holders copium in chart form lmao. the volume says it all—nobody's actually buying this dip, they're just... existing through it. anyway, shorting 2830-2850 seems reasonable if you enjoy watching your liquidation ladder get tested at 3am
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GasFeeCry
· 15h ago
Again it has crashed, long positions really should go to sleep, a rebound is just an opportunity to lose your head.
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MysteriousZhang
· 15h ago
There has been both a drop and a lack of volume; this rebound is just a dead cat bounce, and going down is only a matter of time.
#数字资产市场观察 November 2 Ethereum midday interpretation
Looking at the 4-hour trend, ETH has dropped quite directly this time, with a one-sided sell-off that shows no mercy. Although there is a slight rebound, the volume clearly cannot keep up, and the bulls basically have no fighting power at this moment. This kind of rebound is frankly just a technical breather during a downtrend, and the trend has not yet reversed, so the strategy should still lean towards shorting.
Trading idea: You might consider placing short positions in the range of $ETH 2830 to 2850, with the initial target around 2760, and further monitoring the position at 2720. Remember to manage your positions well and avoid chasing highs.