#加密市场回调 The current price of Ethereum is 3345. It is now five o'clock in the morning Beijing time. Today's market can be described as a bear market, especially for those who shorted above 3500, who should be celebrating. This downward movement not only broke through the market's defenses but also allowed many funds to achieve substantial returns in a short period. Looking back at the past two days, the main driving force behind the liquidation came from multiple factors. Firstly, the latest hawkish tone from the Federal Reserve regarding interest rate hikes, followed by the escalation of the Russia-Ukraine war, has increased market risk aversion. These factors have led capital to flow into safe-haven assets, and the concentrated short selling has caused Ethereum to be deeply trapped in a downward trend.
Currently, the daily candlestick chart shows a high of 3570 and a low that once dropped to 3305. The consecutive bearish candles indicate extreme market fear. From a technical perspective, the price has broken below the support area of EMA60 and is now hovering around 3360. This suggests that there may be a rebound in the short term, but it is essential to closely monitor the next support levels at 3230 and the 3100 range. For those looking to go long at lower levels, remember to set stop-loss orders. The market situation changes rapidly, and those who do not set stop-losses may find themselves deeply trapped in a crash. Historically, countless investors have paid a heavy price for neglecting risk management.
In terms of indicators, the MACD continues to contract, and both DIF and DEA are in a high downward trend, indicating that the market may still have further downside potential. The lower Bollinger Band was once breached, and a rebound has not yet appeared, while the KDJ indicator remains bearish. The market has not reached the oversold area, suggesting that there may still be more room for adjustment in the short term. For investors, the best strategy for entering the market right now is to patiently wait and observe whether the market stabilizes before making any entry decisions.