Zhao Youdao: ETH Breakfast 2318


Ethereum surged higher then pulled back, currently facing pressure above. On the daily chart, resistance is formed below the 2400 level. On the hourly chart, the uptrend has stalled with risks of pullback. Morning recommendation is to focus on shorting. Recommended to short around 2340, with stop loss at 2390, target around 2250.
ETH-0.04%
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