Looking at the 4-hour chart, each high is lower than the previous one—a typical downtrend with oscillation. After sliding down from the stage top at 3239, it couldn't even hold the middle Bollinger Band. When it dropped to the low of 2978, I originally thought there would be a decent rebound, but the rebound was weak, and the bears are clearly still in control.
In this situation, if there is a rebound in the 3050 to 3080 range, you can consider going short, with an initial target around 2980.
Of course, proceed with caution and set your stop loss.
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ContractFreelancer
· 13h ago
High risk in buying the dip, proceed with caution
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ImpermanentPhobia
· 13h ago
Just go all-in, brother.
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CascadingDipBuyer
· 13h ago
Copy first as a sign of respect, then talk.
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pc9527
· 13h ago
#ETH Trend Analysis
ETH is still oscillating within a downward channel after falling from its recent highs. From a technical perspective, it may retest the bottom again in the short term. However, looking at a longer time frame, this position is actually quite favorable—after the correction is complete, the subsequent upside potential will be healthier. Be patient and wait for the low point; don’t rush to buy the dip.
#数字货币市场洞察 $ETH This wave of movement is quite interesting.
Looking at the 4-hour chart, each high is lower than the previous one—a typical downtrend with oscillation. After sliding down from the stage top at 3239, it couldn't even hold the middle Bollinger Band. When it dropped to the low of 2978, I originally thought there would be a decent rebound, but the rebound was weak, and the bears are clearly still in control.
In this situation, if there is a rebound in the 3050 to 3080 range, you can consider going short, with an initial target around 2980.
Of course, proceed with caution and set your stop loss.