The fall of ETH is too clear this time: whether it's on the 4-hour, 8-hour, or 1-hour chart, the Bollinger Bands are opening downwards, and the EMA moving averages are also turning down simultaneously, plus a net outflow of 445 million in funds, there are no signs of stabilization at all!
Suggestion: Lay out a short position directly around 2850, aiming for a target of 2800; if it falls below, look down to 2750.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The fall of ETH is too clear this time: whether it's on the 4-hour, 8-hour, or 1-hour chart, the Bollinger Bands are opening downwards, and the EMA moving averages are also turning down simultaneously, plus a net outflow of 445 million in funds, there are no signs of stabilization at all!
Suggestion: Lay out a short position directly around 2850, aiming for a target of 2800; if it falls below, look down to 2750.