Currently, ETH is fluctuating at a low level, and the technical indicators (MACD, moving averages) still show a bearish trend, but the decline has temporarily stopped.
- This wave of increase is an emotional rebound, lacking volume and with weak buying pressure, it is considered a "false rise".
- The selling pressure is heavy, with large sell orders around 2111 holding it down, making it difficult to rise.
- Trading suggestion: Short at the current price of 2111, with a stop loss above 2130; first target at 2080, if broken, look for 2050; a rebound is an opportunity to add to positions, with a favorable risk-reward ratio.