$ETH Coin Circle Academician: 6.29 Ethereum (ETH) Multi-dimensional Indicator Validation: Has the Reversal Moment Not Yet Arrived? Latest Market Analysis Reference

Ethereum is currently priced at 1570. To be honest, I've fallen into this kind of descending mid-way trap before. I always felt that if it dropped too much, it was the bottom, stubbornly refusing to stop loss, only to get deeper and deeper trapped, eventually losing the courage to cut losses. Looking back now, it's not that the market didn't give opportunities, but that I was too greedy, always wanting to recoup everything in one go. With the current Ethereum market, I'm not advising you to bottom-fish, nor am I shouting for you to short aggressively. Just one sentence: light position, set stop loss, don't go against the trend. Surviving is winning.

The daily K-line has already touched the 100% Fibonacci extension of the previous low of 1503, belonging to a weak rebound at the end of the downtrend. The moving average system is all arranged southward, with the price under pressure below EMA15, and the medium-term trend remains bearish. The MACD indicator's green bars are continuously shortening, DIF is still below DEA, the downward momentum has weakened somewhat, but no clear golden cross signal has formed. The lower Bollinger Band around 1536 provides short-term support, and the overall market is in a weak bottom-building phase.

The four-hour K-line is oscillating narrowly between the lower Bollinger Band of 1550 and the middle band of 1574, with the Bollinger Bands continuing to narrow, compressing the short-term fluctuation range. The moving average system remains arranged southward, with the price under pressure below EMA15 and EMA30, and the rebound momentum is extremely weak. The MACD indicator has formed a golden cross below the zero axis, with the red bars slightly increasing in volume, indicating a short-term intention to repair northward. However, there is strong resistance near the 23.6% Fibonacci level of 1730 above. If it cannot break through, it is likely to continue the downtrend.

Short-term reference:

Below 1550 to 1520, if not broken going north, stop loss 50 points, target see 1590 to 1630.

Above 1620 to 1650, if not broken going south, stop loss 50 points, target see 1590 to 1550.

Specific operations should be based on the real-time market data. For more details, you can consult the author. The article is published with a delay, and suggestions are for reference only. Risk is self-assumed.