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Ethereum Morning Market Outlook
Yesterday, Ethereum followed Bitcoin's sideways upward movement, reaching a high of around 2053. The short position at 2011, publicly recommended yesterday, has been perfectly fulfilled at 1960. Currently, Ethereum is consolidating around 2030.
On the four-hour chart, after being blocked at 2200 and falling back, it tested support at 1916 and then started to rebound. Consecutive bullish candles pushed through the upper band resistance, but the upward momentum was not sustained, leading to a re-test. It is now trading below the upper band.
Overall, the weak structure has not reversed due to the short-term rebound; the main trend remains bearish.
In the short term, there is no clear one-sided trend. Resistance levels are prominent above, and the focus for the day is on a pullback.
Reference Strategy:
Buy in batches around 2055—2075
Target the 2000—1950 zone below
Warm reminder: Strictly set stop-loss orders, manage positions well, and trade rationally.
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