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From an hourly perspective of Ethereum, last night experienced a deep retracement, with the price breaking below the 2300 level, reaching a low of around 2282. Subsequently, the price reversed all the way back, and the current trend has returned to a recent consolidation range. On the market chart, this rebound did not attract much volume; it is more of a volume-less rebound, and the indicator on the chart shows that the KDJ is about to form a death cross at a high level. On the four-hour chart, there is some support near the middle band of the Bollinger Bands. If trading volume remains sluggish during the day, breaking below the middle band support could lead to a small waterfall decline.
Ethereum: Short at 2346, target 2246, stop loss 40 points #BTC #ETH