Weekly analysis: 1. This week, ETH weekly K-line fell sharply, reaching a low near $2111 yesterday, engulfing all the gains since January 1st this year. $2100 is the starting point for the rise in nearly 9 months, and there is currently a Rebound.

2. The SAR indicator has been showing a shorts trend since July and is gradually declining. In the future, as the SAR indicator continues to decline and fails to break through before, the shorts trend will be maintained.
3. From the Fibonacci sequence, the lowest point of this decline is close to the 61.8% level of the previous Bull Market, around $2108.7, and a Rebound market has appeared (i.e., the Bull Market from the low point of $881.5 in June 22 years ago to the high point of $4094 this year). The $2100 level is also crucial. If it is not broken, the Rebound will continue. If it falls below, the major support level below is around 78.6%, approximately $1570.
4. In the logarithmic coordinate system, here near $2100 is still the rise trend line support since $881.5, and it is also a resonant support position predicted by the leading span of the Ichimoku indicator.
5. The KDJ indicator shows that the J value has reached the Oversold zone and has flattened at a low level, and there may be a Rebound later. However, combined with the RSI indicator, only the fast line has entered the Oversold zone, and the medium-term and slow lines have not yet reached the Oversold zone. The combination of the two indicators is more accurate for judgment. It is expected that the probability of Rebound will increase after the oscillation adjustment moves down to the Oversold zone. #BTC #ETH #GateioInto11 #ContentStar #比特币