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Ethereum daily chart:
Currently, the price has broken below the middle band of the Bollinger Bands, indicating that the bearish trend continues. The MACD indicator shows decreasing bullish momentum, with both lines above the zero line and turning downward. On the smaller timeframe, after weekend consolidation, the price tested the 2024 level with a low in the early morning. The current rebound at 2065 is merely a technical adjustment. The chart clearly shows that bearish momentum is still being released. The weak downward pattern remains unchanged. Any rebound is a trap for trap traders—do not blindly chase the bottom!
Ethereum reference: short at 2068, target 1968, stop loss 40 points #BTC #ETH