$ETH ‌ Afternoon


Yesterday's rally lacked volume; after a false breakout, it faced resistance and pulled back.
Key support was broken, turning the original support into resistance, favoring the bears. Ethereum surged to test the key resistance zone but consistently lacked the volume to support it, only showing a false breakout. After testing the upper resistance zone, the price failed to stabilize above the critical level and was quickly pushed down, breaking below the support of the key pattern. Although there was an intraday rebound attempt 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 near 2050
Target: 1950, if broken, look for 1850
ETH-1.46%
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