Ethereum Weekly Review: Long-term Investment Opportunities Emerging, How to Capture Gains in a Bearish Trend?
This week, Ethereum reached a high of around 3450, then continued to decline to around 3040. Currently, the price is fluctuating around 3100, with rebound strength clearly limited, and the overall trend is weak.
From a weekly perspective, Ethereum is operating near the middle-lower band of the Bollinger Bands, the MACD indicator is below the zero line and continues to expand, indicating a clear bearish trend. Even if there is a rebound, it is mostly a technical correction, which can be viewed as an opportunity to establish short positions.
You can short around 3250, add to your position near 3320, set a stop-loss at 3370, and initially target 3040, with a further downside target of 2800 if support breaks. $BTC $ETH #美联储降息 #加密市场反弹
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Ethereum Weekly Review: Long-term Investment Opportunities Emerging, How to Capture Gains in a Bearish Trend?
This week, Ethereum reached a high of around 3450, then continued to decline to around 3040. Currently, the price is fluctuating around 3100, with rebound strength clearly limited, and the overall trend is weak.
From a weekly perspective, Ethereum is operating near the middle-lower band of the Bollinger Bands, the MACD indicator is below the zero line and continues to expand, indicating a clear bearish trend. Even if there is a rebound, it is mostly a technical correction, which can be viewed as an opportunity to establish short positions.
You can short around 3250, add to your position near 3320, set a stop-loss at 3370, and initially target 3040, with a further downside target of 2800 if support breaks.
$BTC $ETH #美联储降息 #加密市场反弹