Why are we holding a flat position today: a serious analysis

1. Technical Analysis in Depth (Using Charts to Explain)

- Price and Trend: Currently, ETH is priced at $2051.14. After reaching a high of $2167.99 intraday, it pulled back and is now approaching the intraday low of $2039.16. In the short term, it shows a pattern of rising and falling, with bearish dominance.
- Moving Average System: On the 4-hour chart, MA5 (2089.03) and MA10 (2105.47) are both above the price, forming a clear short-term resistance zone. The price has effectively broken below the short-term moving averages, indicating the bullish trend is temporarily invalid.
- Key Indicator - MACD: The MACD value is **-4.22**, with DIF (10.14) below DEA (14.36), and the green histogram (negative area) is expanding, confirming that short-term bearish momentum is strengthening.

2. Market News and Environment

- Market Sentiment: As of April 2, 2026, the overall market shows a risk-off sentiment, with BTC declining simultaneously. ETH also drops significantly, with funds taking profits at high levels, typical of a “profit-taking and exit” market.
- Macro Correlation: Short-term fluctuations in the US dollar index and oscillations in traditional assets like gold are indirectly pressuring risk assets. Currently, there is a lack of strong positive news to trigger a bullish reversal.

The bulls were here a few days ago, now the bears are in control. The trend is very uncertain, so I’m not placing any trades.