$ETH ETH’s rebound lacks strength; the short-term outlook is still bearish! Are you still looking to buy the dip?

Yesterday, ETH briefly surged above $2,300 but couldn’t hold there for long, quickly falling back below $2,290. Although it rallied sharply again in the afternoon, there wasn’t enough buying pressure to sustain the move, and the price then fell steadily. This shows that market appetite for chasing gains is currently weak, while selling pressure above remains significant.

Looking at the market, there are few fresh positive catalysts in the short term, and institutions and large investors have shown no clear willingness to enter. With the U.S. midterm elections approaching, uncertainty around policy and regulatory changes is also weighing on the market, and investors are more inclined to wait and see.

So Peach is still leaning bearish for now, with $2,260–$2,280 as a potential area to enter short positions. But the election results could trigger sharp volatility, so be sure to keep your position size small and set a strict stop-loss. Don’t chase trades blindly. You can miss a market move, but you must never neglect risk management!
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