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#ETH midday analysis
On the hourly chart, the price of the coin quickly dropped from the upper band to the lower band in a "bearish engulfing" pattern. Although it rebounded slightly after hitting support, there is still downward momentum after the correction, and the short-term bearish outlook remains unchanged. It is recommended to look for opportunities to short on the rebound.
Pancake suggestion: Short near 122300-122800, target around 120300-120800.
Auntie suggests: short around 4460-4490, target around 4260-4290 #BTC #ETH #GateFunMeme创作大赛来袭 #美联储降息预期升温 # New progress on spot ETF approval