ETH has been relatively quiet lately, and it feels like I've missed several waves of market movement. What's the current situation? The price is firmly stuck in a key resistance zone, unable to break higher, which actually makes it seem a bit powerless.
From a technical perspective, the daily MACD momentum is clearly waning, and the RSI is sliding down from the overbought region, indicating that the bullish momentum is indeed weakening. If you ask me how I see the future trend? Honestly, if the price can't push above the previous high again, there's a high chance it will undergo a downward correction.
Trading advice is to consider short positions at high levels when opportunities arise, with stop-loss set above the resistance, and target the key support levels below. But it's important to note that market sentiment is a bit cautious right now, and volatility could be quite intense. Make sure to manage your positions carefully and don't let the market shake you out.
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VitalikFanAccount
· 12-16 12:43
Stuck at the resistance and can't break through, isn't this just the prelude to a decline? I've been waiting for this wave all along.
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GateUser-a180694b
· 12-15 17:50
Seeing the MACD slide all the way down, I was a bit panicked, but this wave of short positions definitely requires focus.
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DAOdreamer
· 12-15 17:48
Once again hitting a critical point. Are we really going down this time? To be honest, I've been cut too many times before.
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RetiredMiner
· 12-15 17:44
Hmm... MACD weakening, RSI declining, this combination indeed looks a bit fierce. But to be honest, what I fear more is that sudden reverse surge, which could cause the short positions to explode directly.
ETH has been relatively quiet lately, and it feels like I've missed several waves of market movement. What's the current situation? The price is firmly stuck in a key resistance zone, unable to break higher, which actually makes it seem a bit powerless.
From a technical perspective, the daily MACD momentum is clearly waning, and the RSI is sliding down from the overbought region, indicating that the bullish momentum is indeed weakening. If you ask me how I see the future trend? Honestly, if the price can't push above the previous high again, there's a high chance it will undergo a downward correction.
Trading advice is to consider short positions at high levels when opportunities arise, with stop-loss set above the resistance, and target the key support levels below. But it's important to note that market sentiment is a bit cautious right now, and volatility could be quite intense. Make sure to manage your positions carefully and don't let the market shake you out.