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After rising and falling, it still dropped back down. $ETH
Ethereum's daily trend has already turned bearish, and this current volume-less rebound is essentially a trap set to lure in the bulls. The 2300-dollar level acts as a key supply zone, and the resistance has been clearly validated. The closer the price gets to this area, the better the risk-reward ratio for the bears.
After the non-farm payroll data was released tonight, ETH briefly tested the 2300-dollar resistance level before quickly falling back, indicating heavy selling pressure in that area and a lack of momentum for a successful breakout. #ADP就业超预期降息再推后