#ETH #加密市场回调 Ether's current trend is quite perplexing.
At position 2873, a bullish engulfing pattern has formed, which at first glance seems like it will rebound. However, upon closer inspection of the moving average system, it shows a bearish arrangement, with the EMA short and medium-term death cross still expanding, and the MACD also dominated by the bears. What's more concerning is that the price has started to decline again in the last two hours, with consecutive bearish candles.
So the judgment is as follows: the overall bearish trend has not changed. Even if there is a short-term bounce, the rebound space is very limited. Don't be fooled by that engulfing line to try to catch the bottom.
The strategy is still the old mindset - short on rallies is the right approach, going long requires extra caution. Specific points: consider entering short positions around 3000, with the initial target set between 2900 and 2800. If it breaks the 2873 support, the next target is 2750.
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#ETH #加密市场回调 Ether's current trend is quite perplexing.
At position 2873, a bullish engulfing pattern has formed, which at first glance seems like it will rebound. However, upon closer inspection of the moving average system, it shows a bearish arrangement, with the EMA short and medium-term death cross still expanding, and the MACD also dominated by the bears. What's more concerning is that the price has started to decline again in the last two hours, with consecutive bearish candles.
So the judgment is as follows: the overall bearish trend has not changed. Even if there is a short-term bounce, the rebound space is very limited. Don't be fooled by that engulfing line to try to catch the bottom.
The strategy is still the old mindset - short on rallies is the right approach, going long requires extra caution. Specific points: consider entering short positions around 3000, with the initial target set between 2900 and 2800. If it breaks the 2873 support, the next target is 2750.
$ETH