Crypto Academy: ETH Downward Entry Point Reached, Afternoon Market Precise Analysis

Brothers, the Ethereum downward entry point at 2170 that we mentioned earlier has been precisely reached! Now around 2163 is the best trading window. How will the afternoon market move? Price rebounded to the 2199 previous high and encountered resistance pullback. Currently oscillating around 2163, which is exactly the upper rail of the converging triangle plus the MA60 moving average strong resistance zone. Bull momentum is clearly weakening, pullback signals are clear. MACD continues to shrink in volume, DIF and DEA are about to form a death cross, bull sentiment is rapidly cooling, and bear power is accumulating. Currently, the structure shows that the large-cycle bear trend remains unchanged. This rebound is only a recovery from oversold conditions and has not broken through the downtrend line since 2385. Shorting downward fully aligns with the major trend.

Afternoon Trading Strategy:
Short at 2170, stop loss at 2200, target 2120 to 2100

Long positions won't come, traders wanting to go north: if the market volume breaks through 2199 with stable footing, mutually step on 2180 to 2190 before going north. Before that, focus on shorting downward, stop loss can be placed at 2160, target 2240

Afternoon key focus: watch the 2160 support level. Once it breaks, bears will directly push forward. Follow the trend and steadily secure profits from this downward move $ETH ‌#加密市场回涨