Ethereum's short-term trend is under obvious pressure, with the area above 2340 being a strong resistance zone. Last night, it was tested twice but encountered resistance and fell back; the daily chart has shown signs of a top. Today’s rebound to the neckline of the double top structure has not achieved an effective breakthrough. This round of rebound is most likely a signal of main players offloading.


The 1-hour technical indicators are weakening in resonance, with the KDJ forming a death cross and continuing downward, and the MACD bullish momentum gradually shrinking. Additionally, a double top structure has formed at the same level. If it cannot hold above the key support at 2300 during the day, the price is likely to continue its downward trend.
Ethereum trading reference: short at 2316, target 2216, stop-loss 40 points. #BTC #ETH
ETH1,43%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin