Scholar of the Crypto Circle: Why Position and Exit Are More Important Than Direction in the Oversold Rebound of Ethereum (ETH) in the Bearish Trend on November 14
This article provides a structured review of the current Ethereum market. It focuses on technical analysis and is suitable for friends who want to clarify their thoughts for reference. First, I will explain the current market background in simple language; then I will analyze the price, moving averages, MACD, and Bollinger Bands data on the daily chart; I will provide two reference plans for both bullish and bearish positions, indicating the stop-loss and target levels for each; if, after reading, you can clearly judge "what trend we are in now, where the key positions are, and what to do if wrong," then this article will not have been written in vain.
The daily K-line TD structure has formed 9. The price has fallen below all EMAs, and the short, medium, and long-term moving averages are in a bearish arrangement. The MACD dual lines continue to open downwards below the zero axis. The Bollinger Bands are diverging downwards, with the middle track at 2218 and the upper track at 2464, while the price has broken below the lower track at 1972. Overall, the daily chart is still in a clear downward trend, and the rebound has not reversed the structure; the low point of 1893 is currently the nearest support line for both bulls and bears.
The four-hour K-line moving averages continue to apply pressure above the price: EMA15 is at 1997, EMA30 is at 2052, EMA60 is at 2126, EMA90 is at 2175, and EMA120 is at 2214, with the bearish arrangement unchanged. The downward momentum of the MACD has weakened somewhat, but the dual lines remain below the zero axis. The lower track of the Bollinger Bands is at 1918, the middle track is at 2018, and the upper track is at 2119, with the price running close to the lower track. In the short term, there is weak stabilization above 1893, but to confirm the rebound, it must first return above the middle track and the EMA15 area; otherwise, it can only be seen as a consolidation during the downward trend.
Short-term reference:
For north movement from 1920 to 1880, face resistance, with a stop-loss of 30 points and a target looking at 1980 to 2030.
For south movement from 2020 to 2060, faced with stagnation, with a stop-loss of 30 points and a target looking at 1980 to 1930.
The specific operations depend mainly on real-time market data. For more information, you can consult me. The publication of this article has a delay and is recommended for reference only; the risk is borne by yourself.
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