On the morning of $ETH , data was released, and the market responded with a drop, mainstream altcoins are suffering!
Ethereum has a strong bearish trend in the short term, MACD bears are increasing with reduced volume, DIF and DEA are still spreading at high positions, the Bollinger Bands are showing contraction, the K-line retreated and broke below the middle of the Bollinger Bands at 3815, pay attention to the lower support point at 3540, which serves as a trial entry point for long positions. After the KDJ crosses downward, the spread begins, the overall trend is a sharp decline waiting for a stop in the fall, do not engage in chasing highs and cutting losses to prevent the main forces from clearing both long and short positions.
Long positions for sugar at 3550 to 3600, defending at 3500, stop loss at 50 points, target looking at 3650 to 3700, if broken, look at 3750 to 3800.
