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Don't remind me again today

#ETH巨鲸增持 Don't let market sentiment be swayed by short-term fluctuations, just as you wouldn't change your mind because of a few casual remarks.



The market was weak during the day, fluctuating downward. Late at night, the price dropped to around 83800 before stabilizing slightly, and then it made a small rebound. Now it's moving sideways at the 85400 position. Ethereum also weakened, hitting a low of 2710 support during the session, and is now fluctuating narrowly between 2750-2760.

Looking at the daily chart, the price has been wandering below the moving average, with the Bollinger Bands opening downwards, weakly consolidating along the lower band edge—it's clear that the bears are in control. There have been several attempts at rebounds in the past few days, but each time they were pushed back by the pressure above, and the rebound momentum is getting weaker. Next, it will likely move down to test the key support area below.

The 4-hour level is more intuitive: when it falls, it occasionally bounces back, but each time the rebound volume is decreasing, and it cannot break through at all; the rebound strength is far less than the downward force. In short, it's a weak rebound in a downward trend. The moving averages are in a bearish arrangement, and the MACD is running at a low level, indicating that the bearish strength has not yet been fully released.

The evening trading strategy is very simple - go short on rallies. It is recommended to set up short positions near the key resistance levels above and follow the trend.

Big Pie: Short near 85500-85800, target looking at 83500
Ether: short-term short in the 2780-2800 range, target at 2650
ETH-1.33%
BTC-0.44%
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VitaliksTwinvip
· 4h ago
Short positions haven't fully released their strength yet, this wave downwards probably won't stop that quickly, just follow the breakdown.
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NFTFreezervip
· 4h ago
Short positions are so fierce, while the whale is still increasing its holdings. I can't quite hold on to this logic, haha.
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FortuneTeller42vip
· 4h ago
What does it matter if the Whale increases its holdings? We still have to follow the technicals. The short positions haven't been fully released yet, and you want a rebound? Are you dreaming?
View OriginalReply0
MemeTokenGeniusvip
· 4h ago
Short positions have not been fully released yet, there will definitely be more action in this wave, let's just wait and see.
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