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4-hour level, the middle band and lower band of the Bollinger Bands are both opening downward and trending lower, after the KDJ is oversold at a low level, the three lines converge to form a golden cross upward, RSI is flat, MACD bearish momentum is decreasing. On the hourly chart, the price is under pressure at the Bollinger middle band, oscillating around the lower and middle bands. Trading strategy should consider shorting at resistance or chasing a short if it breaks below the 70,000 level.
Currently around 71,200, resistance above focuses on 71,700 and 73,700. Enter long positions around these levels, or consider a small short if it breaks below 70,000, watching support levels at 69,000, 68,000, and 67,000.
Ethereum's current price is around 2,200, with resistance above at 2,230, 2,270, and near 2,350. Enter long positions around these levels, with support below at 2,170, 2,100, and 2,050.
On the 4-hour level, the Bollinger middle band and lower band are both opening downward, the KDJ is oversold at a low level, the three lines converge to form a golden cross upward, RSI is flat, MACD bearish momentum is decreasing. On the hourly chart, the price is under pressure at the Bollinger middle band, oscillating around the lower and middle bands. Trading strategy should consider shorting at resistance or chasing a short if it breaks below 70,000, watching support levels at 69,000, 68,000, and 67,000.
Currently around 71,200, resistance above focuses on 71,700 and 73,700. Enter long positions around these levels, or consider a small short if it breaks below 70,000, watching support levels at 69,000, 68,000, and 67,000.
Ethereum's current price is around 2,200, with resistance above at 2,230, 2,270, and near 2,350. Enter long positions around these levels, with support below at 2,170, 2,100, and 2,050.