Ether is currently above the short-term moving average and below the long-term moving average, with the moving averages entangled with each other, momentum weakening, and trading volume extremely shrinking, indicating a strong wait-and-see sentiment in the market.
However, from various indicators, bears are poised to strike. In terms of operations, one can consider laying out short positions at high levels, and real trading needs to be handled flexibly.
It is recommended to short around 3580—3620, with a target towards 3400. If it breaks down, continue to look down.
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