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Thursday Morning ETH Trading Strategy
ETH breaks below the key support level of 2180, confirming that the bearish trend has been established and the bulls are under pressure.
After a quick pullback from 2269, on the 15-minute timeframe the one-way drop has exceeded 100 points; short-term support levels are breached one after another, and bearish momentum continues to release.
Moving averages are arranged in a bearish order, and the coin price is moving downward along the short-term moving average. The MACD is below the zero axis, with a death cross diverging, indicating a clear short-term downtrend.
Trading Recommendations
For ETH, consider placing short orders on rebounds within the 2180-2200 range, with targets in the 2150-2100 range. #Gate广场四月发帖挑战