$ETH Why is Ethereum still heading south at 3.29? From 2380 to 2000 precisely catching the downward trend! Latest market analysis and strategic reference

Ethereum is currently at 2022. Watching Ethereum fall from 2200 to 2022, and repeatedly oscillate above 2000, is someone tempted to buy the dip again? There’s no myth of guaranteed profit from buying the dip in the crypto world—only those who understand the trend and execute strictly can survive. This rebound is an opportunity to short; don’t be fooled by short-term fluctuations. What’s the next move? It’s simple: a rebound is a window to short.
The daily candlestick shows this move is a trend-based decline, not a short-term correction. After breaking below the key support at 2100, all short-term moving averages have turned downward, forming resistance. The MACD has a death cross and has not turned red again, indicating the bulls have no resistance. The Bollinger Bands’ lower band continues to open up, and the price oscillates between 2000 and 2050, which is just a continuation of the decline, not stabilization. The resistance levels at 2100 and 2120 are insurmountable, while the first target is at 1900 to 1950. The downward space is still opening.
The four-hour quick line is under pressure from the MA20 and MA30 moving averages, with short-term averages forming a bearish alignment. After the MACD death cross, the green bars shrink, but DIF remains below DEA, indicating bearish momentum still dominates. The Bollinger Bands are opening downward, and the price oscillates within the middle and lower bands, with the rebound not reaching the middle band, confirming a clear downtrend. Focus on the short-term resistance at 2050 to 2100, and support at 1950 to 2000—both are hurdles and key turning points.
Short-term reference: (Practical data updated, for details consult the author)
Above 2050 to 2100 heading south, stop-loss at 2120, target 2000 to 1950, and if broken, look at 1740.
(Alternative) Below 1950 to 2000 heading north, stop-loss at 1930, target 2050 to 2100.
Specific operations depend on real-time market data. For more details, consult the author. The article may have delays; use for reference at your own risk.