At present, Ethereum’s rebound momentum has weakened, and the Bollinger Bands’ opening is gradually turning and angling downward, with short-term resistance gradually shifting lower!



In the short term, the first effective resistance level has formed around 1775. You can lean on (use) the resistance level nearby and look for a pullback!

Method: Sell/short near 1775 on the rebound; add at 1892; if it breaks and stabilizes above 1805, exit. Target 1720. If it breaks, watch 1695–1670#ETH
ETH-0.19%
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MosaicButterfly
· 8h ago
ETH's trend is too strongly correlated with the US stock market; I dare not short heavily before the macro situation stabilizes.
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GotLiquidatedAgainLastNight.
· 9h ago
Bollinger Bands turning + resistance moving down, bearish thinking is fine, but isn't the stop loss at 1805 too tight?
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MarketMakingForMoonlitDeepPool
· 10h ago
1775 is indeed a critical level, I'll place an order to test.
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OrigamiMountainsAndRivers
· 11h ago
Already bought, if it breaks 1805 I'll run, hope not to be swept by a wick.
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AuroraSnowyWildernessSolitary
· 11h ago
The 1892 add position is a bit far. If it really hits that level, it means the rebound exceeded expectations.
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