Cryptocurrency Scholar: ETH Southward Entry Point Reached, Afternoon Market Precision Analysis

Brothers, the Ethereum southward entry point at 2170 that we mentioned earlier has been precisely reached! Right now around 2163 is the best trading window. How will the afternoon market move? The price rebounded to the 2199 previous high but encountered resistance and fell back. Currently oscillating around 2163, which is exactly at the converging triangle upper rail plus MA60 moving average strong resistance zone. The bullish momentum is clearly weakening, and the pullback signal is clear. MACD continues to shrink in volume, DIF and DEA are about to form a death cross, bullish sentiment is cooling rapidly, and bearish forces are accumulating. Currently, the structure on the larger timeframe shows the bearish trend remains unchanged. This rebound is only a bounce-back from oversold conditions and has not broken through the downtrend line since 2385. Going southward to short completely aligns with the major trend.

Afternoon Trading Strategy:
Southward entry at 2170, stop loss at 2200, target 2120 to 2100

Long positions are impossible to achieve. For coin friends who want to go northward, if the market breaks through 2199 with volume and stands firm, with support at 2180 to 2190 before moving northward, before that keep your focus southward. Stop loss can be placed at 2160, target 2240.

Afternoon key focus on the 2160 support level. Once it breaks, the bearish forces will directly exert strength. Follow the trend, steadily capture this wave of southward profits $ETH ‌#加密市场回涨