Ethereum rebounds today and resistance exists around the $2710 area
At the above level, if it can quickly and strongly hold firm, there is a good chance that a subsequent bullish second wave of volume could drive another upward move; but if it cannot hold, the short-term correction will continue. It is expected to keep trading in a range around the $2700–$2600 area.
If you need to short today, the correct approach is to place a single round of short orders around the $2710 line with a downside target, and set your defense at around $30–$40.
At the above level, if it can quickly and strongly hold firm, there is a good chance that a subsequent bullish second wave of volume could drive another upward move; but if it cannot hold, the short-term correction will continue. It is expected to keep trading in a range around the $2700–$2600 area.
If you need to short today, the correct approach is to place a single round of short orders around the $2710 line with a downside target, and set your defense at around $30–$40.
