Technical Analysis ETH Strategy
- Main conclusion: Daily trend tends to be bearish, short-term volatility is weak and choppy; rebound priority for shorting above resistance levels, after support stabilizes, consider small long positions, strictly control position sizes.
- Current price: $2,985 ( 24-hour volatility $2,920-$3,205, down -6.72%).
Key levels and indicators
- Daily: Price breaks through EMA20 ($3,140) and the 100-day moving average, RSI 40.12 neutral leaning weak, MACD death cross continues to widen, bearish momentum dominates.
- 12 hours: Re-testing Fibonacci retracement level 0.61
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