Thursday Morning — ETH Jingyi Trading Plan Analysis



After ETH breaks below the 2297 moving average, the support levels at 2249 and 2200 face a higher risk of being breached, making short-term conditions bearish. Bullish momentum is fading, with the Bollinger Bands’ middle line at 2315 showing significant resistance. The price is trading under pressure. The lower band at 2209 is only short-term support; if it breaks, the outlook turns to 2150.

On the 4-hour timeframe, moving averages are arranged bearishly, with 2288 support failing and the bears taking control. The Bollinger Bands are opening downward, and price is moving along the lower band. The 2232 support is limited; resistance appears at 2307 on rebounds, and bearish weakness is expected to continue until it stabilizes and recovers.

Short-term trading:
Sell on rebounds from 2300-2270, target 2230-2150#WCTC交易王PK
ETH-3.55%
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