Crypto Circle Academician: Ethereum 6.4 Bollinger Bands Fully Turning Down! Ethereum's Oversold Condition Is Just an Illusion, Is a New Round of Decline Coming? Latest Market Analysis and Trading Recommendations

Ethereum is currently priced at 1830. Recently, I received messages from crypto friends; most are confused by Ethereum's decline, which has been falling sharply from above 2400, with many caught in the dip, chasing shorts, or missing entries. Many retail investors can't tell if this is a bottom rebound or a continuation of the decline. Blindly entering the market will either result in deep losses or quick losses. The biggest risk in trading is gambling on price movements based on feelings, without relying on indicators and key levels. Today, I will again combine daily and 4-hour dual-cycle charts to thoroughly analyze the current trend, support and resistance levels, and precise entry and stop-loss points. Whether for short-term swings or spot positioning, after reading, you can avoid most pitfalls. Both beginners and veterans can use this as a reference.

The daily K-line price steadily broke below all EMA moving average systems, with EMA15/30/60 arranged in a downward sequence from top to bottom, continuously suppressing the price. The daily Bollinger Bands show the price pressing below the lower band at 1875, with the Bollinger Bands opening downward, indicating a fully open downtrend; MACD indicators DIF and DEA are below the zero line, with green bars slightly expanding, showing that downward momentum has not yet exhausted. Previous support levels have been consecutively broken, with 2200 and 2000 levels turning into strong resistance. The daily chart's larger cycle clearly indicates a downward trend, with only short-term oversold conditions showing minor technical rebounds. These rebounds are mainly met with resistance and fall back, unable to change the overall downward direction.

The 4-hour K-line continues to close in red, with prices operating below all short-term EMA lines. EMA15 and EMA30 are turning downward, layer by layer pressing down the market. The first strong resistance in the short term is at 1900. The 4-hour Bollinger Bands are opening downward, with prices running near the lower band at around 1809, indicating persistent weakness; MACD lines are below the zero line at low levels, with green bars maintaining expansion, showing sufficient short-term downward momentum. The slight rebound with small positive candles is only a technical correction from oversold conditions. Until prices break above 1900 with volume, all rebounds are opportunities to exit shorts or re-enter shorts. The short-term oscillating weak pattern is unlikely to reverse soon.

Short-term reference:

Upper side: 1880 to 1920, stop-loss at 1950, target at 1830 to 1800

Lower side: 1800 to 1750, stop-loss at 1700, target at 1850 to 1880

Specific operations should be based on real-time market data. For more detailed information, you can contact me. The article may have delays; this is for reference only. Risk is on your own. $ETH ‌#Gate携手Alpaca链接数字资产与股票金融交易