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29 ETH Midday Analysis
ETH is currently just shaking out and washing in a range. The frequent "pinning" (long wicks) on the chart is just accumulation and handover after the big drop, as well as false breakouts, not a reversal to a surge.
Since the upward momentum is weakening, the price is likely to fall next. The market is currently having a severe tug-of-war, and stop-losses can easily be taken out by "pinning" at extreme positions. It is recommended to wait and watch first, and only re-select a direction after the volatility decreases and the candle bodies stabilize.
Operation suggestion: Go short around 1610-1640, target downside to 1550-1500.