🦉 Night Watch and ETH Analysis: Where Are We Going?
Hello, community! This is Douglas reporting from his watch shift. While the city sleeps, I take the opportunity to monitor the market and share my vision on Ethereum (ETH) for the coming hours.
Current Technical Analysis (1H Timeframe):
Current price: We are hovering around 2,051.85 USDT.
Short-term trend: The price is experiencing slight downward pressure, sitting below the moving averages MA(7) and MA(25).
RSI Indicator: It is at 41.44, which indicates that there is no extreme overselling yet, but the sentiment is bearish for now.
Possible movements for the coming hours:
Support Scenario: If ETH continues to drop, the key level to watch is 2,016 USDT (the recent low you see on my chart). If it holds there, we could see a bounce.
Resistance Scenario: To regain strength, we need to break the barrier of 2,074 USDT. If we manage to surpass that point, my bot "Doki" will start to approach its selling targets.
My Strategy:
As a watcher, my priority is safety. That’s why I maintain a very low liquidation price and let my grid bot handle the fluctuations. In this market, patience is our best working tool.
What do you think? Do you believe ETH will respect the support of 2,016 or will we continue to fall? I’ll read your comments. 👇
#ETH #TradingDeCero #GridTrading #CryptoVenezuela #Tucupita