Ergouzi has moved south to settle the score; waiting patiently for the right moment to truly show heroism!

At 4:50 AM, Ergouzi is trading around 3027. When the price drops south to the 2900 level, I decisively chose to exit all positions and settle the account. After three consecutive daily declines and breaking below the previous low, the market has entered an oversold zone, and a rebound or correction to the north could be brewing at any time. Taking profits now not only locks in gains but also minimizes risk, which is undoubtedly a wise move.

As for going north to enter, there's no need to rush. Remember these twelve words: wait for the decline to stop after a sharp drop, wait for the rebound after the stop, and wait for confirmation after the rebound. Only by confirming the trend can you enter calmly; this is the foundation of trading.

From the daily K-line chart, the highest was 3026 and the lowest 2864 before this report. The EMA trend indicator is contracting downward. Although it has returned below the 0.786 Fibonacci retracement resistance at 3120, the MACD continues to shrink and decline, with DIF and DEA falling from above the zero line, indicating ongoing bearish momentum. The lower Bollinger Band support at 2933 has been broken, and the short-term price is expected to return to the channel and continue to test lower levels.

On the four-hour chart, the downward momentum is strong, with EMA indicators alternating and expanding downward. The MACD shows divergence at the bottom with decreasing volume, and the K-line continues to decline. The lower Bollinger Band support has shifted to 2850 and is still moving downward. The SRI indicator has entered an extreme oversold contraction zone, which not only suggests there is still room for further decline in the short term but also indicates that the risk of a correction is accumulating.

At this moment, the best strategy is to stay on the sidelines. Wait for a break below the previous low, and wait for the market to give a clear reversal signal. When chaos is still unresolved, hold back; you are your own hero. #ETH $ETH