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$ETH 3.29 Why is Ethereum still heading south? Precisely hitting the downtrend from 2380 to 2000! Latest market analysis and strategic reference
Ethereum's current price is 2022. Watching Ethereum fall from 2200 to 2022, and repeatedly oscillate above 2000, is someone tempted to buy the dip again? There’s no myth of guaranteed profit from bottom-fishing in the crypto world—only those who understand the trend and execute strictly can survive. Now, the rebound is an opportunity to short; don’t be fooled by short-term fluctuations. What’s the next move? It’s simple: a rebound is a window to short.
The daily K-line shows this move is a trend-based decline, not a short-term correction. After breaking below the key support at 2100, all short-term moving averages turned downward, forming resistance. The MACD crossed below zero without turning red, indicating the bulls have no resistance. The lower Bollinger Band continues to open up, and the price oscillates between 2000 and 2050, which is just a consolidation during a downtrend, not a sign of stabilization. The resistance levels at 2100 and 2120 are insurmountable, while the first target is 1900 to 1950, with more downside potential opening up.
The four-hour fast line is under pressure from the MA20 and MA30, with short-term moving averages aligned downward, indicating a bearish setup. After the MACD crossed below zero, the green bars shrank but DIF remains below DEA, showing bearish momentum still dominates. The Bollinger Bands are opening downward, and the price oscillates within the middle and lower bands, with rebounds not reaching the middle band, confirming a clear downtrend. Focus on the short-term resistance at 2050 to 2100, and support at 1950 to 2000—both are hurdles and key turning points.
Short-term reference: (Practical data updated, for details consult the author)
Above 2050 to 2100 heading south, stop-loss at 2120, target 2000 to 1950, break below targets 1740
(Alternative) Below 1950 to 2000 heading north, stop-loss at 1930, target 2050 to 2100
Specific operations should be based on real-time market data. For more information, consult the author. The article may have delays; for reference only, risk is on your own.
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