October 23 Morning Ether Market Analysis: Rebound Encounters Resistance, Bears Dominate

The Ether daily chart shows a brief rebound followed by a loss of momentum, quickly turning downward, closing with a long upper shadow bearish candle. There is significant selling pressure above, and the bearish trend is clear.

The current price is under pressure at a key resistance level, with a 24-hour decline of about 2.1%; the short-term MACD indicator remains negative, with the histogram gradually lengthening, indicating strong bearish momentum.

Operational suggestion: Rely on the 3830-3870 range to set up short positions, targeting 3700 and 3650, with strict stop-loss settings.

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