ETH Price Trend Analysis


1. Overall Direction
Currently bearish, with rebounds serving as opportunities to short rather than reversals. The price is being held down by three moving averages, and MACD is still below zero. The KDJ golden cross is just a bounce after a significant decline; the bulls are only self-saving, not establishing a trend.

2. Price Range
Extreme high at 2120, likely to bounce and stop around 2100; extreme low at 1980, normally support is found around 2010 during a decline. Major news events aside, so keep stop-losses in place.

3. Entry Points

Short (priority)
Enter around 2085-2100, stop-loss at 2125, watch for 2020 first, and if it breaks below 2010, then consider 1990.

Long (wait for levels)
Re-enter on pullbacks to 2015-2025, stop-loss at 2000, initial target at 2065, strong signals at 2090.

4. Key Signals
A volume breakout below 2010 indicates a short position, with a target of 1980; if it stabilizes above 2100 and MACD shows a golden cross, go short-term long but avoid overtrading; if volume is low, consider high selling and low buying within the 2010-2100 range, and avoid heavy positions. $ETH
ETH-2,46%
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