Ether shrinks timidly when it rises, but takes the lead when it falls! After a small consolidation in yesterday's white plate, it tested above 3520 in the evening, but was blocked by shorts and fell back. The lowest point tested was around 3425, and the current price is around 3470. The overall trend is bearish, but the current trend is beginning to weaken, and the bearish momentum continues. The moving average structure continues to spread downward, and the MACD has been decreasing in volume from around 3900 to the current 3430. The DIF and DEA are also spreading downward near the 0 axis at a high level. It is expected that the market will not be able to hold on to 3400 and will face a new liquidation. So be prepared and prioritize safety. Although the overall trend is bearish, sticking to the trend and shorting on rebounds is the most reliable strategy!
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Ether shrinks timidly when it rises, but takes the lead when it falls! After a small consolidation in yesterday's white plate, it tested above 3520 in the evening, but was blocked by shorts and fell back. The lowest point tested was around 3425, and the current price is around 3470. The overall trend is bearish, but the current trend is beginning to weaken, and the bearish momentum continues. The moving average structure continues to spread downward, and the MACD has been decreasing in volume from around 3900 to the current 3430. The DIF and DEA are also spreading downward near the 0 axis at a high level. It is expected that the market will not be able to hold on to 3400 and will face a new liquidation. So be prepared and prioritize safety. Although the overall trend is bearish, sticking to the trend and shorting on rebounds is the most reliable strategy!