#ETH 📊 1.16 Auntie's Early Morning Precise Analysis
【Market Review】 Auntie surged to 3403 yesterday but quickly pulled back, with bullish momentum fading quickly, followed by a weak oscillation.
【Technical Analysis】 • Moving Average Pattern: The MA7 moving average continues to press down on the price, forming a standard bearish alignment with the MA30, indicating a clear weakening trend. • Support and Resistance: The price broke below the key support level of 3300 and showed little rebound effort. Although there was a slight recovery, it failed to break through the 3320 resistance level, indicating insufficient bullish strength. • Volume and Risk: Currently, there is no significant release of bullish volume, and the oscillating downward pattern remains unchanged. There is a risk of further decline towards the 3272 low point. 【Trading Strategy】
✅ Suggested Direction: Short on rallies ✅ Entry Range: 3340-3370 ✅ Target Levels: 3280-3200
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#ETH 📊 1.16 Auntie's Early Morning Precise Analysis
【Market Review】
Auntie surged to 3403 yesterday but quickly pulled back, with bullish momentum fading quickly, followed by a weak oscillation.
【Technical Analysis】
• Moving Average Pattern: The MA7 moving average continues to press down on the price, forming a standard bearish alignment with the MA30, indicating a clear weakening trend.
• Support and Resistance: The price broke below the key support level of 3300 and showed little rebound effort. Although there was a slight recovery, it failed to break through the 3320 resistance level, indicating insufficient bullish strength.
• Volume and Risk: Currently, there is no significant release of bullish volume, and the oscillating downward pattern remains unchanged. There is a risk of further decline towards the 3272 low point.
【Trading Strategy】
✅ Suggested Direction: Short on rallies
✅ Entry Range: 3340-3370
✅ Target Levels: 3280-3200