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ETH Midnight Analysis



During the midnight period, ETH continues the intraday weak pattern, with prices consistently under pressure below the key resistance level of 2430 on the hourly chart, and short-term rebound momentum is lacking.

The trading volume significantly increased during the downtrend, indicating a strong willingness of bears to sell, while the volume shrank during the rebound, highlighting the weakness of bulls in absorbing.

It is suggested to short lightly at 2430-2460, and increase if it breaks below 2380, with a target of 2310.

Place a stop-loss above 2480
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