Ethereum has been sliding smoothly over the past two days during the weekend, with no significant rebound in sight. Currently, there are no signs of a bottoming out; it may directly test the support around 2380. This level is a short-term support zone and also along the line of the moving average pullback. On the daily chart, the TD9 and TD13 indicators, accompanied by decreasing volume, signal a top. The daily KDJ is showing a death cross at high levels. On smaller timeframes, trading volume has remained consistently low over the past two days. Maintain a bearish outlook in your operations.


Ethereum reference: Short at 2306 on rebound, target 2226, stop 40 points #BTC #ETH
ETH-2.52%
BTC-1.3%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin