$ETH 📊 April 2nd Erbai Market Analysis & Strategy


ETH 🪙:
Short-term decline from the high of 2167.20 continues, current price at 2071.07, breaking below the middle band of the Bollinger Bands at 2122.79. The lower band at 2064.02 is a key support level. The price is approaching the lower band, indicating full bearish momentum; MACD green bars are expanding, with DIF and DEA diverging sharply downward, showing strong bearish momentum. Overall, it is in a deep correction pattern.
• Bearish logic: After breaking below the middle Bollinger Band, the price accelerates downward. If it breaks below the lower band at 2064.02 with increased volume, it will confirm a new downtrend. The next target zone is 2050-2030; the middle band at 2122.79 acts as a strong resistance. If the rebound does not touch this level, the decline will continue.
• Bullish risk: If the support at 2064.02 holds effectively and the MACD green bars shrink and turn upward, there may be an oversold rebound, with potential to rise to the 2100-2120 range. If the rebound faces resistance, the downward trend will persist.
🎯 Erbai Strategy (Bearish Bias)
• Short entry zone: 2080-2090
• First target: 2050
• Second target: 2030
• Stop loss: 2100
ETH-4,4%
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CoinFixedProfitTradevip
· 7h ago
1~6~6~4~0~4~1~5~6~1=🐧
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CoinFixedProfitTradevip
· 7h ago
Just go for it 👊
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