Ethereum Market Update (July 4th)

This article was written at 14:14. Looking at the daily chart, Ethereum's decline has been quite significant. It has fallen from a high of 4958, breaking the support level around 2150. The current low is around 1503, close to the previous low of 1384, indicating Ethereum's weakness. There's a high chance it will break below 1384, and after that, the price will likely fall back below 1000. Don't have high expectations for a rebound in Ethereum. The trading strategy is the same as for Bitcoin: maintain a short-selling approach. For short-term entry, consider shorting directly around 1787, with additional positions available at 1870. The initial target is around 1560; once reached, assess the price action to determine if further holding is necessary. Enter the market at your own discretion. Click the profile picture above to open my profile and discuss market trends. Short-term trading, manage risk, and be responsible for your own profits and losses.