Market Review
Ethereum's trend is linked to the market, and the current price is running around 2990. The short-term trend is still weak, the middle Bollinger track continues to move downward, the daily level shows four consecutive negatives, the lower track gap has opened, and the upper resistance is slowly moving downward.
technical analysis
Key resistance and support
Upper resistance: 3110-3120
Support below: The key support is at 2990. If it fails to break through the 3110-3120 position, there is a risk that the price will continue to fall.
trend analysis
Bollinger Bands: The middle track of the Bollinger Bands continues to move downward, and Ethereum's trend is weak in the short term.
Daily level: Four consecutive negative lines and the lower track gap has opened. The short-term resistance is slowly moving downward. If the rebound fails to break through the 3110-3120 position, the price may continue to decline.
Recommendations
ETH Strategy Recommendations
Short on rebound
Entry point: Enter short orders when the price rebounds to around 3040-3070.
Defensive point: Cover short positions at 3120-3170.
Stop loss: 3170
Target point: 2940. If 2900 is broken, continue to hold.
Go long on pullback
Entry point: Consider short buying when the price falls back to around 2800.
Defensive point: Cover position at 2700-2680.
Stop loss: 2650
Target point: 2880
Summarize
Ethereum has been weak recently, so operations should be cautious. Investors are advised to focus on the breakthrough of 3110-3120, maintain the idea of shorting on rebound, pay attention to the support level of 2800, and flexibly adjust strategies to ensure the robustness and security of transactions.
