📣Ethereum short positions have been perfectly profitable and exited for multiple consecutive days! For future operations, please read the article.



  After multiple days of perfect profit-taking from short positions! Currently, Ethereum's four-hour chart shows a pattern of "bottom exploration with weak rebound and oscillating bottoming," with the price around $2865. The overall trend is bearish but shows short-term repair needs. Key resistance levels are 2900-2930, and support levels are 2800-2780. Insufficient volume limits the rebound height, so be cautious of macroeconomic data and US stock market link risks tonight.

  Over the weekend, it traded sideways between 2920-2970. After breaking below 2900 in the early hours of January 26, it accelerated downward, reaching a low of 2787. In the afternoon, it rebounded to the 2860-2870 USD range, forming a "deep V" shape followed by weak oscillation. The rebound lacked volume support. The Bollinger Bands on the four-hour chart previously contracted, and after breaking the range, they opened downward, indicating increased volatility and a short-term bearish bias. The price is operating between the 7/30 cycle moving averages, showing a short-term balance between bulls and bears with an unclear direction. MACD shows increasing bearish momentum with shrinking green bars, indicating weakening energy. There is a short-term repair need, but the bearish structure has not reversed. RSI is in a neutral zone, not extremely oversold. The decline is more of a rhythm adjustment rather than panic selling. Bulls are still defending key levels. The rebound lacks volume. The rebound is not supported by funds, and selling pressure above has not been fully released, making effective breakthroughs difficult.

  Resistance: 2900-2930 USD (the lower boundary of the previous consolidation zone, turning into strong resistance after breaking), 2950 USD (recent rebound high).

  Support: 2800 USD (recent oscillation lower boundary, vital support), 2780-2700 USD (January 26 low and last November support zone), 2720 USD (further strong support).

  Trend judgment: Overall, the four-hour chart is bearish, with short-term oscillation and repair. Rebound momentum is insufficient, and tonight's US durable goods orders, consumer confidence index, and stock market performance may break the balance.

  Ethereum trading suggestions;

  Primarily observe and wait for volume breakout above 2930 USD or breakdown below 2780 USD before taking action, and control position size.

  The strategy is time-sensitive. Implement strategies mainly based on free guidance!$BTC $ETH #加密市场观察 #ETH走势分析 #RIVER一个月暴涨50倍 #黄金白银再创新高
ETH4,55%
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XiaoXiangvip
· 11h ago
New Year Wealth Explosion 🤑
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