Daily chart: Bearish alignment (EMA5/10/20/50 downward), medium-term downtrend not broken. 4-hour chart: Descending channel, rebound with no volume, multiple resistances. Rebounds face resistance, bears dominate, mainly shorting on rallies. Trading suggestion: Enter short positions in the 2070-2100 range in batches, target 2020, 1950.
4.3 Midnight ETH Analysis
Daily chart: Bearish alignment (EMA5/10/20/50 downward), medium-term downtrend not broken. 4-hour chart: Descending channel, rebound with no volume, multiple resistances. Rebounds face resistance, bears dominate, mainly shorting on rallies.
Trading suggestion: Enter short positions in the 2070-2100 range in batches, target 2020, 1950.