Cryptocurrency Academician: On November 14, the rebound in the bearish trend of Ethereum (ETH) – why position and exit are more important than direction
This article conducts a structured review based on the current situation of Ethereum. It only organizes the technical aspects, suitable for friends who want to clarify their thoughts for reference. Old Chen first uses plain language to explain the current market background; then reads the daily price, moving averages, MACD, and Bollinger Bands data; provides two sets of reference plans for bulls and bears, and indicates their respective stop-loss and target levels; if after reading you can clearly judge "what trend we are currently in, 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 shows a 9. The price has dropped below all EMAs, and the short, medium, and long-term moving averages are in a bearish arrangement. The MACD double lines are continuously opening downward below the zero axis. The Bollinger Bands are diverging downward, with the middle track at 2218, upper track at 2464, and the price has fallen below the lower track at 1972. Overall, the daily line is still in a clear downward trend, and the rebound has not reversed the structure; the low at 1893 is currently the closest line of defense for bulls and bears.
The four-hour K-line moving averages are still pressing down on the price layer by layer: EMA15 at 1997, EMA30 at 2052, EMA60 at 2126, EMA90 at 2175, and EMA120 at 2214; the bearish arrangement has not changed. The MACD's downward momentum has weakened, but the double lines are still below the zero axis. The lower Bollinger Band is at 1918, the middle band at 2018, and the upper band at 2119, with the price running close to the lower band. In the short term, there is a weak stabilization above 1893, but to confirm a rebound, it needs to reclaim the middle band and EMA15; otherwise, it can only be seen as a consolidation during the downward trend.
Short-term reference:
Move up from 1920 to 1880 faces resistance, with a stop-loss of 30 points and a target of 1980 to 2030
Move down from 2020 to 2060 stagnates, with a stop-loss of 30 points and a target of 1980 to 1930
Specific operations are primarily based on real-time market data; for more information, you can contact the author. The publication of the article has a delay; this is for reference only and risks are borne by the reader.
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