$ETH CoinCircle Academician: 6.9 Ethereum Ethereum rebound after oversold is just a buffer? Daily chart southward structure locked! Latest market analysis and trading suggestions

　　
　　Ethereum current price 1630, daily chart shows a large southward decline looming, do not hold illusions guessing the bottom. Short-term rebound looks promising, but in fact, it’s all to provide a better entry point for further decline. Hold a calm mindset if holding spot, bottom oscillation needs time, invest gradually in batches; those trading contracts must remember that stop-loss is the lifeline, small losses for big gains is the long-term profit logic. The market is not short of opportunities, but of people who can stick to discipline and see the trend clearly, wait patiently for the best entry points, which is much more reliable than frequent trading back and forth.
　　
　　The overall daily K-line is in a deep downward trend, with prices firmly under all moving averages, 15/30/60-day moving averages all diverging downward, forming a strong resistance zone. Fibonacci retracement fully completed at 100% level above 1383 for support, first resistance at 78.6% level 2148. The daily MACD maintains a death cross, DIF and DEA lines continue downward, no obvious decrease in southward volume; Bollinger Bands opening downward, price running close to the lower band, the large cycle downward trend shows no signs of reversal, any rebound at this stage can only be defined as a correction during the decline, the main direction remains downward.
　　
　　The four-hour K-line has shown a slight rebound from a low of 1503, with price above the 15-day moving average 1656, but 30/60/90 medium to long-term moving averages still press down, limiting the rebound space layer by layer. Fibonacci 0%-23.6% resistance at 1730 is the first hurdle, breaking through to see resistance near 1870. The 4-hour MACD shows a golden cross, with increasing red upward bars, short-term rebound momentum; Bollinger Bands narrowing, price oscillating below the middle band, a technical rebound after oversold conditions, not a trend reversal. Once the rebound touches the upper moving average resistance, the selling pressure from the south could easily push the price back down.
　　
　　Short-term reference:
　　
　　Above 1720 to 1750 southward, stop-loss 1800, target 1650 to 1550
　　
　　Below 1600 to 1550 northward, stop-loss 1500, target 1650 to 1720
　　
　　Specific operations depend on real-time market data, for more information contact the author, article release may have delays, for reference only, risk bears ‌#成长值抽奖赢金条