$ETH Evening Analysis of the Double Bottom

✅First Resistance Level: 2300-2310
This is the first hurdle for a short-term rebound, also near the middle Bollinger band. If it can't break through, it remains weak and oscillates.
✅Strong Resistance Level: 2335-2345
This is the 4-hour middle Bollinger band plus the previous oscillation platform. Only a breakout here indicates a recovery; otherwise, it's just a false rebound to trap traders.
✅First Support Level: 2260-2265
This is near the low point of this decline. If it holds, there’s room to grind; if it can't, it will continue to drop.
From the 4-hour to the 15-minute chart, the entire cycle is dominated by a bearish downtrend. After a sharp drop, the price broke below the lower Bollinger band, a typical volume-driven rapid decline.
• The 4-hour chart has already broken below the lower band, with the gap widening downward, indicating bearish momentum is still releasing, and no clear signs of a trend reversal.
• The 1-hour chart directly broke through the lower band, RSI dropped to 16, indicating severe overselling. A short-term technical rebound is needed for correction, but it’s likely just a small bounce within the downtrend, not a reversal.
• The 15-minute chart is also grinding near the lower band, showing weak signs of a rebound, but the strength is very limited, unable to support a major move.
#比特币突破7.9万美元 #WCTC交易王PK #eth