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7.1 ETH: Follows decline with oversold repair; in a weak pattern, mainly short on rebounds
$ETH
Entry: Short near 1590-1610, stop loss at 1640, target 1550-1500
In early trading, synchronized with BTC's accelerated decline, it refreshed a new low but was quickly pulled back by buyers. The hourly candle closed with a long lower wick, currently oscillating and repairing around 1580. Overall, it remains in a weak rhythm of following drops but not rises, with weaker volatility elasticity than BTC.
The daily level remains in a clear downward channel, with the moving average system in a bearish alignment. The price continues to be under pressure below all cycle moving averages. The medium-term bearish structure has not changed. The current situation is only a technical repair after a sharp drop and does not constitute a reversal signal. #特朗普披露持有超1亿美元BTCETH