• Core Catalysts: U.S. Treasury Secretary's stance of not intervening to support the market, combined with a simultaneous plunge in US stocks and precious metals, sharply reducing risk appetite, and intensified margin calls.
• Technical Patterns: Daily consecutive down candles, far from moving averages; 4H in a downward channel, RSI oversold but lacking volume support, indicating a continuation of decline rather than a reversal.
• Support/Resistance: Short-term support at $1700-1800, strong support at $1665 (a key platform for 2024); resistance at $1900, $2000, and $2150, with potential selling pressure on rebounds.
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YaoQianshuA
· 14h ago
Very impressive, very impressive. May I ask about the courier? Soon, I will be laying a good hand. Please proceed quickly.
$ETH Key Drivers and Technical Outlook
• Core Catalysts: U.S. Treasury Secretary's stance of not intervening to support the market, combined with a simultaneous plunge in US stocks and precious metals, sharply reducing risk appetite, and intensified margin calls.
• Technical Patterns: Daily consecutive down candles, far from moving averages; 4H in a downward channel, RSI oversold but lacking volume support, indicating a continuation of decline rather than a reversal.
• Support/Resistance: Short-term support at $1700-1800, strong support at $1665 (a key platform for 2024); resistance at $1900, $2000, and $2150, with potential selling pressure on rebounds.