Seas of Currency: 5.29 Ethereum (ETH) Market Analysis Reference:

Ethereum is also in a clear downtrend on the daily level, with the price continuously retreating from the previous high, having broken below the middle band of the Bollinger Bands and approaching the lower band. The Bollinger Bands are expanding downwards, indicating a clear bearish trend. The moving average system shows a complete bearish arrangement, with short-term moving averages firmly suppressing price rebounds. In the MACD indicator, DIF and DEA continue to decline below the zero axis, and the histogram is maintaining a volume increase, with no sign of diminishing bearish momentum; KDJ and RSI indicators are both in a weak zone, with no signs of a reversal yet, and the bearish momentum still dominates the market on the daily level.

On the short cycle of the 4-hour level, it is in a weak recovery state after the decline, with a slight rebound after reaching a low of 1965. It is currently running above the lower band of the Bollinger Bands, but has not effectively broken through the mid-band resistance. The MACD histogram has clearly contracted, and the downtrend of DIF and DEA has slowed; bearish momentum is showing signs of temporary reduction; the KDJ indicator has formed a golden cross at a low level, and the RSI has also slightly rebounded from the oversold area, indicating the potential for a technical rebound in the short term. However, the moving average pressure in the 2050-2080 range above is dense, and the rebound is more inclined to be a technical correction within the ongoing decline, rather than a trend reversal; overall, it still has not escaped the pattern of weak volatility and downward movement.

Seas of Currency: 5.29 Ethereum Short-term Reference:

Short position: Sell in the 2080-2050 range, stop loss 30 points, target 2020-1970,

Long position: Buy in the 1940-1970 range, stop loss 30 points, target 2000-2050,

[The above analysis and strategies are for reference only, risks are at your own expense, the article may have delayed reviews or strategies that lack timeliness, do not operate blindly]

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