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$ETH 12.1 midday ETH analysis
Current price 2830, after four consecutive bearish hours, the downward momentum weakens, which is not a signal of stopping the decline, but a weak rebound due to temporary selling pressure; the daily chart shows a long upper shadow line + an entity breaking the trend channel, which has clearly indicated high point pressure. Coupled with the current tightening of regulations + the market liquidity drying up, the overall weak structure is difficult to reverse, and the rebound remains a core opportunity for shorting.
Trading suggestion: Short near 2870-3020, target: 2780, 2730
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