The recent short-term trend of ETH is urgent, and market sentiment continues to be bleak. Can we expect a reversal?
Currently, ETH's short-term moving averages are showing a clear downward trend. Although the price has had a slight rebound after breaking below the lower Bollinger Band, it still hasn't managed to break through the middle band, indicating a lack of strength in the market rebound. On the sentiment front, investor confidence is gradually being eroded, showing signs of selling pressure, and there may still be fluctuations and consolidation in the short term. The opening of the Bollinger Bands is narrowing, and volatility is decreasing, which may suggest an impending market shift.
At this time, it is essential to remain calm when entering the market, strictly control your positions, and not be misled by short-term fluctuations. Follow Lao Lin to gain insights into every market pulse; the next turning point in the market is just around the corner!
