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8.4 Ether morning Silk Road
After the weekend adjustment, Ether has slightly warmed up, but it encountered resistance at the 3570 position.
Resistance, indicating that the resistance at this price level is relatively strong, possibly due to previous trapped positions and profit-taking sell-offs, making it difficult for the price to break above, and the overall situation remains weak.
The technical structure has not shown obvious rebound signals, the MACD has not formed a golden cross, the KDJ has not clearly turned in the oversold zone, and the moving averages are in a bearish arrangement, indicating a lack of upward momentum and support in the short term.
It is recommended to focus on shorting at high points, that is, consider shorting when there is a rebound to a high position. In a weak market with no rebound signals, the probability of continued price decline is high, and shorting can align with the trend.
Ether: Short in the 3570-3600 range, target 3500, long-term view 3300, each should strictly maintain defense #ETH#