$ETH 5.7 Trend Analysis

Yesterday, a reminder was given in advance that the key resistance for Ethereum above is around 2400, and a short-selling idea was provided for the rebound between 2400-2430. The core point is: do not chase the high at the top, wait for the rebound to short.
In the evening, the price peaked at 2423, precisely entering the preset short zone, then the market started to weaken, with Ethereum continuously declining, reaching a low of 2311. The short position was successfully executed, securing a 110-point gain.
Currently, the market overall still operates within the downward channel of 2400-2200. The short-term rebound is more inclined to recovery, but the main trend is still under pressure at high levels.
Today's strategy remains unchanged: mainly short at the high rebound, and consider short-term longs at key support levels on the low side.
Reference strategies:
1. Short around 2380-2400, target 2300-2250, stop loss at 2450
2. Long around 2230-2250, target 2330-2380, stop loss at 2180
Market fluctuations are rapid, pay attention to position control, and strictly set stop losses.
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