$ETH Coin Circle Academician: 6.5 Ethereum daily chart southward pattern remains difficult to change, how much room is there for short-term rebound of Ethereum? Latest market analysis and trading suggestions

　　
　　Ethereum current price 1775, short-term small bullish candle is just an oversold correction, the 4-hour and daily large cycle southward resistance is still there, do not be fooled by short-term rebounds. Follow the main trend when trading, taking short positions in line with the trend has a much higher error tolerance than fighting against the trend for longs, short-term longs are only suitable for small positions entering and exiting quickly. Many people lose money because they cannot control their hands, frequently entering the market during fluctuations, and frequent trading will only accumulate losses. Remember, in a southward trend, patiently holding cash and observing is also profitable, protect your principal, and wait for a confirmed opportunity before acting
　　
　　The daily K-line briefly dipped to 1712, creating a new low for this phase. The moving average system is arranged in a full southward pattern, the daily moving averages from top to bottom form layers of resistance, Bollinger Bands are opening downward, and the price is firmly hugging the lower Bollinger Band at 1824. MACD indicators DIF and DEA, both lines continue downward, green bars expanding and extending southward momentum, no signs of stabilization or bottoming in the daily cycle. The key resistance level above is at the daily middle band 2040, to reverse the trend in the short term, it must stabilize above this moving average, currently the main trend of the daily chart is clearly bearish
　　
　　The 4-hour K-line shows a slight short-term stabilization with a small bullish candle, but the overall downward channel has not changed. The EMA moving averages across cycles continue to press down, with the 15-period EMA at 1835 and the 30-period EMA at 1893 forming two strong nearby resistance levels, Bollinger Bands remain open, and the price oscillates in the low range between the lower band at 1706 and the middle band at 1877. MACD DIF is above DEA, green bars slightly shrinking, indicating a short-term oversold rebound, which is purely a technical correction after a decline. The 4-hour rebound is likely a trap for more longs, after touching the short-term moving averages, it will probably face resistance and fall again, the large cycle southward trend remains unchanged
　　
　　 Short-term reference:
　　
　　Above 1830 to 1860 southward, stop loss at 1890, target 1780 to 1730
　　
　　Below 1730 to 1700 northward, stop loss at 1670, target 1770 to 1820
　　
　　Specific operations depend on real-time market data, for more information contact the author. The article may have publishing delays, so use as reference only, risk bears by yourself ‌#预测NBA总冠军赢20,000U