Is the Bear Market coming?


Ethereum has currently dropped to 3480, with a low point of 3431.
🎯 Short Selling Trading Strategy Recommendations

- Entry Zone: 3,480 – 3,515 range

- Profit Target:

1. First target level 3,440 (close to recent low level)

2. Second target level 3,400 (further down to test support level)

- Risk Control: Set the stop loss at 3,540 (if it breaks the 25-day moving average and holds, be cautious of the failure of the bearish strategy)

📊 Market Trend Outlook

From a technical perspective, ETH prices continue to demonstrate the characteristics of a Bear Market with "lower lows and lower highs," while the moving averages are generally sloping downward. If the closing price falls below the recent low of 3,430, it may trigger further accelerated declines; however, if the bulls wish to reverse the short-term weakness, they must first recover the key resistance level of 3,520 in order to regain control of the market.
ETH-2.02%
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