Evening ETH


The double bottom triangle pattern has effectively broken down, and the current price is temporarily holding above the previous low of 1965, which has become a short-term key support.
If 1965 holds, there will be a slight rebound in the market, but failing to re-enter the triangle range means the downtrend will not end. Only by stabilizing inside the triangle can the hourly chart be considered to have stopped falling; the prerequisite for a rebound is breaking through the resistance level of 2026, otherwise the weak pattern remains unchanged.
Once the 1965 support is broken, the market will look down to 1916, and breaking below 1900 will also be a natural development.
Trading suggestions:
A volume breakout above 1990, follow up with long positions on the right side, targeting 2026 and 2055;
A volume breakdown below 1970, rebound and short positions accordingly, closely monitor volume, and strictly set stop-losses.
ETH-1.98%
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GoldenTunnel
· 06-01 14:11
Just charge forward 👊
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GoldenTunnel
· 06-01 14:11
Buy the dip 😎
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