Ethereum (ETH) presents a clear shorting opportunity as it confirms a breakdown of an M-top formation, trading below key moving averages. The MACD indicates a bearish crossover with increasing volume, suggesting a short on rallies strategy. The ideal entry zone is between $2,325 and $2,335, targeting $2,285.
Bitcoin (BTC) remains indecisive, oscillating around $81,100 within a range of $80,000 to $82,000. Indicators are converging, signaling a potential breakout, making it a market to observe rather than chase. Traders are advised to wait for consolidation before making moves.
ETH Shorting Strategy Emerges as BTC Remains Uncertain
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