ETH Structural Breakdown! Is the Bear Hunt Already Started?🏹
1️⃣ 4H Level Official Breakdown: The last dignity of the bulls ($1,970 support line) was lost today with increased volume. The 4H candle closed with a "bare shadow large bearish candle," directly piercing through the Fibonacci 0.5 level. This is not a retest; this is the collapse of the trend. ___________________________________________________________________________________________________________________ 2️⃣ Bearish Decline Pattern Initiated: The standard 1H downward channel has formed, and each rebound to the EMA 20 is a precise "trap for trap." Current Price Action indicates that the bearish momentum has not yet fully released, with magnetic support below near $1,865. ___________________________________________________________________________________________________________________ 3️⃣ Trading Strategy: ❌ Strictly avoid catching falling knives on the left side: The 4H candle body is too large, usually indicating at least a second dip. ✅ Follow the trend: The current logic is "rebound then short." ___________________________________________________________________________________________________________________ - Summary: Do not try to beat the trend. When the avalanche occurs, the only thing to do is run faster than the snowball. Wait patiently for signals in the $1,837 - $1,865 zone. #ETH #当前行情抄底还是观望? #Gate春节赛马红包嘉年华 #我在Gate广场过新年
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.
ETH Structural Breakdown! Is the Bear Hunt Already Started?🏹
1️⃣ 4H Level Official Breakdown:
The last dignity of the bulls ($1,970 support line) was lost today with increased volume. The 4H candle closed with a "bare shadow large bearish candle," directly piercing through the Fibonacci 0.5 level. This is not a retest; this is the collapse of the trend.
___________________________________________________________________________________________________________________
2️⃣ Bearish Decline Pattern Initiated:
The standard 1H downward channel has formed, and each rebound to the EMA 20 is a precise "trap for trap." Current Price Action indicates that the bearish momentum has not yet fully released, with magnetic support below near $1,865.
___________________________________________________________________________________________________________________
3️⃣ Trading Strategy:
❌ Strictly avoid catching falling knives on the left side: The 4H candle body is too large, usually indicating at least a second dip.
✅ Follow the trend: The current logic is "rebound then short."
___________________________________________________________________________________________________________________
- Summary:
Do not try to beat the trend. When the avalanche occurs, the only thing to do is run faster than the snowball. Wait patiently for signals in the $1,837 - $1,865 zone.
#ETH #当前行情抄底还是观望? #Gate春节赛马红包嘉年华 #我在Gate广场过新年