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$ETH 12.1 Morning ETH analysis
The current price is 3021. The continuous small bearish and bullish candles in a sideways trend do not indicate "funds hesitation," but rather a signal of exhausted bullish momentum: the upper pressure has not been broken + there is no incremental capital pushing the price, the longer the sideways trend lasts, the higher the risk of a decline. Currently, it is close to the middle line of the Bollinger Bands, and the probability of falling to the lower line is far greater than that of rebounding upwards.
Trading suggestion: Short around 3070-3120, target: 2980, 2930
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