#ETH Market Update & Strategy 🚀

📉 ETH's rebound remains weaker and somewhat lagging. Over the past two days, short positions were ideal around 2135-2105. The recent 3-hour timeframe rebound peaked at 2298, and for the next upward movement, look for resistance levels around 2345 and 2415 on the 4-6 hour timeframe. 🔥 Long position holders should consider taking profits at these levels, as higher levels will face stronger resistance. Since the overall trend remains bearish, it’s crucial to avoid giving back floating profits.

⚠️ If BTC completes its 8-12 hour rebound and starts to decline, ETH’s 6-12 hour rebound could be invalidated, making it difficult to break through key resistance.

🔹 Short-selling strategy:
📍 Ideal entry for shorts is between 2415-2485, ensuring a cost advantage.
📍 Avoid shorting below 2340 unless ETH breaks below 2000, as the downside risk is limited.
📍 Only chase shorts in a strong bearish move, like yesterday’s retest of 2000, where adding short positions near 2250 with a target at 2135 was a solid ultra-short-term play.

⏳ Patience is key! Avoid premature entries post-rebound. Timing matters.

🔥 #ETHAnalysis CryptoTrading #Ethereum MarketUpdate #GateIO 🚀