$ETH This round's high reached a peak of 2423 before clearly topping out and turning downward, with the price already breaking below the middle band of the Bollinger Bands consecutively, thoroughly falling into the lower band weak downward trend zone, and the upward structure completely collapsing.



The current market focus continues to shift sharply downward, with the 2383-2413 zone forming a strong resistance band, and each rebound facing heavy selling pressure. The candlestick chart shows continuous large bearish declines, with bullish momentum completely exhausted, and bearish downward momentum fully released, making the downward trend clear and obvious.

In the short term, resistance to rebounds suggests establishing short positions, with the upper defense pressure at the 2383 level, and the first support at the 2353 lower Bollinger Band. Once support is broken, the downward space will continue to deepen, and the overall outlook remains predominantly bearish.
ETH-2.07%
View Original
post-image
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