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4.7｜ETH continues to plummet, where is the bottom? Let me speak with a chart!📉
Gate friends, Arthur almost spit out his coffee ☕️ when he saw this chart of ETH today——the continuous breach of support looks like a glass of iced reality.
EMA, MACD, and BOLL are all bearish, and the price is still "scraping the floor" at the lower Bollinger Band. The red bars are getting longer and longer, and there is only one signal in the short term: it's a bear market, don't fight it!
🧠Technical Overview:
- EMA(13) is slanted down, even the air is bent.
- MACD expansion and volume increase, short-term still no sign of stopping the decline;
- The BOLL lower band is moving outside, a rebound needs to look for a volume signal.
📌Key level:
- Support line: 1545;
- Short-term resistance: 1745;
- Bull-Bear Watershed: If 1765 breaks, it will reverse; otherwise, please lie flat quietly.
What do you think? Is this a continuation of the downtrend, or the final drop? I'll be waiting for you to speak in the comments section 👇
I am Arthur, pay attention to comments, top team free consultation channel is open to you, only serving ambitious madmen #BTC #ETH #近期投资组合分享 #近期抄底币种推荐