12.4 Chen Fei Talks about Currency

After Ethereum hit a low around 3502, the market began to rebound. It is currently facing resistance at the middle band, where both the middle band and MA moving averages are exerting pressure. The Bollinger Bands are overall trending downward, and the KDJ bullish trend at the top is also turning downwards. The MACD bearish trend is also slowly expanding, so it is suggested that you can take a short position on the rebound.

Ethereum (ETH)

Direction: Short position

Current price: 3600～3620

Take profit: 3540~3500

Stop loss: 3658

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