Is the market rebounding? Will it fall again? Where can we short\go long on Ethereum? Let's take a look.

As shown in the figure, ETH has currently formed a very solid quadruple bottom, and it should rebound here. When it previously fell to this level, ETH first rebounded to around 3900 before encountering resistance. You can try to short with a small position around this area to catch a pullback.
A more stable shorting position would be near the 4000 mark, for example around 3980. This would be a more perfect opportunity to reposition short orders, it just depends on whether the market provides the opportunity.

Overall, the cryptocurrency market will still be weak after the interest rate cut, with declines and corrections being the main theme for the coming week. Any significant rebounds will provide a good opportunity to layout short positions. Of course, the best shorting opportunity remains to short in advance of the interest rate cut, exiting the market at the peak of FOMO. We all perfectly capitalized on this wave~