$ETH experienced significant selling pressure and sharply declined, with bears currently in control. Overall moving averages have all turned downwards, and the short-term trend is bearish. Recent K-lines show signs of oversold rebounds, but overall selling pressure has not reduced. It is recommended to primarily short on rallies.
✅ Trading Suggestions:
Buying Area (Reference for Bottom Fishing):
➥ Buy Point One: 2480 (Integer level + EMA 120-day support)
➥ Buy Point Two: 2450 (Previous low 2442 intersecting with monthly trend line)
🚀 Long Position Stop Loss: 2430 (It is advised to stop loss if the weekly swing low 2420 is breached)
Selling Area (Main Trading Recommendations):
➥ Sell Point One: 2630 (4-hour EMA 7 resistance + double top neckline retest)
➥ Sell Point Two: 2680 (Daily EMA 30 moving average + resonance with the area where the crash began)
🚀 Short Position Stop Loss: 2710 (If the price breaks above the previous high 2703.6, the bearish structure is invalidated)
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