#ETH

What needs to be noted at present is that both Bitcoin and Ethereum have stabilized at TD13 in the 4-hour chart. The appearance of this indicator also indicates that a rebound is needed to repair the sentiment. As for the fact that the current price of the currency has not rebounded, it is mainly because the short sentiment of the market trend line began to increase after the key support of 3300 was effectively broken, which led to the market's selling sentiment severely crushing the bulls.

The current price of Ethereum has also fallen below 2900, and the current price remains in the 2900-2800 area (this is also the weekly low support line)

At this price, it is not recommended to chase the low position. The technical short-term certainly needs to be repaired. At the current low position, remember not to chase the short position. Partners can patiently wait for the technical rebound to appear before considering entering the short position.