Analysis of ETH market on September 5, layout in advance, strong bearish in the general direction.

Yesterday's daily trend chart made it clear that the highest Ethereum 2530 is a heavy pressure point. From July 22 to now, every time it will be under pressure from this trend line. The current upper pressure is at 2530, so this position is very safe. If you short in the medium and long term, stop loss is placed at this position, or you can go short directly near 2500. The general direction of this month is still bearish.

The ETH trend chart is shown in Figure 1: At present, a trend chart has been formed. There has been no trend chart in the past two days. The trend chart is a parallel line downward, so the general direction is bearish. At present, it will pull back downward when it encounters the trend line. The red circle has been drawn on the way. The upper cross position is near 2417, so tonight it has been tested twice at 2415 and has not broken through, and then it goes down, so it can be shorted near this position.

The trend line is also the cross point above the watershed at 2417. If it breaks through and stands firm, it will be strongly bullish, but if it fails to break through, it will fall sharply downward.

ETH 4-hour technical indicators are shown in Figure 2: KDJ has crossed downward, which means it is strongly bearish. Crossing downward means it is strongly bearish, and looking up and downward means it is only temporarily bearish. MACD made a reversal downward, which is also a strong bearish signal. So from the technical indicators, the stretch last night was just to lure more, and the operation was mainly high-altitude.

ETH evening strategy: short around 2410-2420, target around 2430, and pin around 2315! Click to follow for detailed guidance!