$ETH 1H RSI falls to 31.5 weak zone, 4H MACD green bars expand in negative territory, bearish momentum continues to increase in volume. 1H Bollinger Band lower rail at 1717 effectively broken, price keeps running weakly along the lower rail after the break. Order book bid/ask depth ratio 1.62, high-side seller orders overwhelm buyers, selling pressure is very clear. The last six 4H candles all closed bearish, overall buy-side absorption ratio below 0.5, strong willingness for capital to exit, overall market weakness persists.



ETH: Short at 1717, target: 1700-1690
ETH-3.71%
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AirdropArchivist
· 2h ago
RSI at 31.5 is indeed weak, but whether the 1700 round-number level can be directly broken depends on the sentiment at the US stock market opening. Let's wait and see for now.
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