$ETH The 4-hour chart shows that after a spike in the early morning, the upward momentum suddenly dried up, and the bears launched a strong counterattack, recording three consecutive bearish candles. The bulls have completely lost their ability to fight back! Currently, the market is dominated by the bears, and blindly chasing highs will inevitably lead to a passive position. Maintaining a short position remains the core operational logic; it is essential to follow the trend and not to trade against it!
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11.26 ETH morning analysis
$ETH The 4-hour chart shows that after a spike in the early morning, the upward momentum suddenly dried up, and the bears launched a strong counterattack, recording three consecutive bearish candles. The bulls have completely lost their ability to fight back! Currently, the market is dominated by the bears, and blindly chasing highs will inevitably lead to a passive position. Maintaining a short position remains the core operational logic; it is essential to follow the trend and not to trade against it!
Suggestion
2980-3050 range, target 2880-2830.