This morning's thoughts on ETH



Operation:
Rebound near 1540-1570, short
First target 1500
Second target 1450

The ETH market has shifted from weak consolidation to a breakdown decline. Since the pullback from the 1640 high, it has been continuously suppressed by the middle Bollinger Band. It has just broken below the previous low to create a new low of 1518, confirming the downtrend. The downward space has opened. The MACD has formed a bearish cross below the zero line again with increasing volume, releasing bearish momentum for the second time, while bulls lack strength to sustain.
My judgment: the original support zone of 1550-1560 has completely turned into a strong resistance area. Subsequent rebounds are merely retracement confirmations after the breakdown, and it will be difficult to change the downtrend. Rebounds are windows for shorting at highs. This round of decline is far from reaching a bottom. It is not recommended to blindly buy the dip. $ETH #0成本拿2股SK海力士
ETH-5.43%
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