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Ethereum's overall trend continues to follow Bitcoin, with the weekend consolidating the weak structure, and bearish momentum dominating. After testing lows around 2026 in early morning, a technical rebound emerged, but the rebound strength is limited, currently facing pressure again near 2075 with obvious lack of sustained upside momentum.
From a structural perspective, each rebound is weaker than the last, with bulls failing to reclaim key resistance levels, instead continuously providing exit opportunities for trapped long positions above. The market is gradually returning to bearish-dominated rhythm.
On the 4-hour timeframe, the downtrend continues with Bollinger Bands opening downward, price trading in the mid-lower band zone with obvious bearish characteristics; hourly chart forms continuous pressure and pullback pattern with lower highs, short-term rebounds struggling to form effective breakouts. Attached indicators diverge synchronously downward with continued bearish momentum release and no stop-loss signals appearing yet.
Continue shorting around rebounds as the main strategy, avoid chasing longs recklessly. Can consider layering short positions around 2065–2090 zone, targeting 1980–1950, consider stop-loss exit if breaking above 2100.
Remember one key point on timing: in weak markets don't fear the drop, only fear hesitation. Follow the trend, execution over prediction. $ETH #Gate13周年全球庆典