$ETH Coin Circle Academician: Will the 6.25 Ethereum (ETH) Drop Continue? Latest Market Analysis Reference

Ethereum’s current price is 1585. With this recent plunge, are you feeling numb from the fall again? Don’t panic. I know you’re watching the numbers in your account spike your blood pressure, and you’re getting anxious as one large bearish candle after another keeps coming, not knowing where the bottom truly is. But the more it looks like this, the more you can’t lose your composure or start making blind moves. I’m not here to feed you chicken soup, and I’m not going to tell you the nonsense about bottom-fishing and getting rich. I’ll just lay out the most straightforward technical analysis of the real price action, explain support and resistance, and break down both bullish and bearish signals clearly—so you know exactly what to do right now, instead of being dragged along by market sentiment.

On the daily K-line, price is in a clearly defined downward channel, and it has already fallen below the prior consolidation range. The EMA moving averages show a typical bearish arrangement: short-term moving averages tightly suppress the price. The EMA15 near 1712 and the EMA30 near 1793 overhead form double resistance. The MACD indicator’s bearish momentum is being released. The Bollinger Bands are opening downward; after the price breaks below the middle band, it heads straight toward the lower band. The lower band support is around 1561. The short-term weak setup is unlikely to change, and the odds are high that it will continue testing the effectiveness of the previous low support near 1503.

On the four-hour K-line, the downtrend is even clearer. The price fell from the 23.6% Fibonacci retracement level near 1730, pressured and then pulled back, and it kept dropping through key support. It is currently around 1583. All EMA lines have turned downward and formed a bearish alignment. The EMA15 and EMA30 in the 1669-1691 range above form a strong resistance zone, so rebounds are unlikely to have staying power. The MACD indicator’s bearish momentum dominates. The Bollinger Bands are opening downward, and the price is running along the lower band. The lower band is around 1602, providing only temporary support. If this level is lost, it will directly test the previous low support at 1503, and there are no obvious near-term signs of a bottoming out.

Short-term reference:

If it does not break down below 1560 to 1530, go north/long. Set a stop loss at 50 points. Targets: 1630 to 1680.

If it does not break up above 1680 to 1720, go south/short. Set a stop loss at 50 points. Targets: 1650 to 1600.

Actual execution should be based mainly on real-time order book data. For more information and details, you can consult the author. The article has a publishing delay. Suggestions are for reference only; risks are borne by yourself. ‌ #苏格兰VS巴西