Ethereum experienced a cliff-like decline last night, dropping from the high of 2423 all the way down, directly breaking through all short-term moving averages.



The 30-minute chart shows a full bearish trend, with MACD continuously declining and RSI entering the oversold zone, with downward momentum completely unabated.

In this wave of one-sided trading, any attempt to catch a bottom midway will be ruthlessly harvested by the bears.

Currently, the price is stuck around 2335, with no signs of stabilization. Watching more and acting less is the only safe choice.

👉 Do you think this decline will directly break 2330, or will there be an oversold rebound?

1. Continue to decline, follow the trend and look for short opportunities

2. Oversold rebound, try long positions with light holdings
Comment with the number directly

#ETH #Gate #合约避坑
ETH-1.63%
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
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
Sunday77
· 7h ago
All short-term moving averages are trending downward; do not act lightly until stability is confirmed.
View OriginalReply1
Sunday77
· 7h ago
In a one-sided downtrend, the worst thing to do is buy the dip against the trend. How many people got caught in a deep trap during this wave?
View OriginalReply1
  • Pin