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Midday Ethereum$ETH
Yesterday's rally lacked volume; after a false breakout, it faced resistance and pulled back.
Key support was broken, turning previous support into resistance, favoring the bears. Ethereum attempted to test the key resistance zone but lacked the volume to sustain the move, resulting in only a false breakout. After testing the upper resistance zone, the price failed to hold above the critical level and was pushed down, breaking below the support of the key pattern. Although there was a rebound attempt during the session to recover lost ground, it remained unable to re-enter the strong zone. The previous support area has now turned into a strong resistance zone that is difficult to surpass in the short term, and a bearish trend is gradually taking shape.
Operation:
Short around 2050
Target: 1950, if broken, look for 1850