ETH Analysis and Operational Suggestions
K-line chart/analysis
On the daily chart, Ethereum (ETH) shows some signs of stopping the decline, which indicates that the bulls are trying to exert their strength. The following key points need to be paid attention to:
Support below: 3020-3000 This integer level is an important support area.
Upper pressure: 3120-3150 is still a strong suppression area.
In the short term, the four-hour chart
ETH's current price shows signs of testing the support of the Bollinger middle rail. If the support at the integer level is strong enough, bulls may continue to exert their strength. However, if the support level is lost, the price may continue to test the 2850 level.
On the one-hour chart, the Bollinger Bands are severely narrowed, showing signs of an opening decline.
Based on the above analysis: Under the current market conditions, it is recommended to short ETH during a rebound.
Prepaid order strategy
Entry position: 3150-3180 short
Stop loss position: 50 points (defense position)
Target position: 50-100 points or more
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