$ETH Yesterday, the overall trend was still bearish. Yesterday, it broke the new low of 1764, and the current price is 1780. The current market is extremely oversold, and the momentum for short-term continued sharp decline is weakening.


A support level is highly likely at 1750, where you can consider buying on dips and reversing positions, with a target of 1840-1850.
When the price rebounds to 1840-1850, if the upward push is weak, then switch to short positions again and watch for further declines.
This wave pattern is like this: first buy on dips, then sell on rallies; just catch both ends accurately.
But remember, when buying on dips, set a good stop-loss to prevent a sudden sharp decline.
ETH-3.04%
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