ETH 12 moving averages all sell signals, medium-term trend clearly bearish. **However, RSI is near oversold (30.61) + fear index extremely pessimistic + basis trading shorts may cause a short squeeze, need to be alert for technical rebound.



- **Above $1,600** is the bull-bear boundary; only above it can a rebound be discussed
- **Below $1,564** (BB lower band) is being tested; a break below sees $1,538 → $1,512
- **$1,512 is the last line of defense**; a break below heads straight to $1,500 → $1,375
- ⚠️ If basis trading shorts are closed en masse, it could trigger a short squeeze rebound—this is the biggest "reverse risk" currently

> ⚠️ The above is for technical analysis reference only and does not constitute investment advice.
ETH1.30%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments