The current annual gap is still present, indicating there is space for a decline. If it enters a bear market, it is also supported, but we still need to wait for the closing line.
The half-year line is currently in an engulfing state, and the upward structure is deteriorating. We need to wait for the closing line.
The quarterly line is currently in a volume engulfing state, with a large amount of selling pressure. It will be difficult to recover quickly without positive stimulation in the short term.
Moreover, the 30ma is very far away, around 40,000, and will not reach directly in the short term.
The monthly line is still in a downward trend; a reversal requires consolidation or a large bullish candle. The support on the monthly line is around 73,700. A break below a moving average will push the price towards the support of the next moving average.
Then the weekly line
At the current position, it is uncertain to build a bottom, with support below around 75800, 120ma support. The first time 80600 serves as a short-term bottom. There are two strategies for entering the market to catch the bottom: one is to look near 73, 74, and then build positions in batches. The other is in the range of 81-79, which indeed has support. At that time, the first decline was 82000, and then in the next decline, there was severe overselling in the short term, and the moving average could not keep up with the K-line, needing to be repaired, so trial positions are entered to bet on the rebound.
And here the rebound pressure is 94, one is the daily level ma30 suppression, and the other is that 94-93 is the previous platform support that has been broken, the pressure of the rise. The weekly line needs to reverse, requiring the 3-day line, and the daily level to strengthen.
Then the 3-day line:
The K-line in this box, the previous 3-day line released downward momentum, currently the K-line is above the 200ma support. Once this 3-day line breaks, it will continue to decline. Therefore, if this K-line closes as an entity bearish line, a short position can be pursued.
Looking at the daily line:
Still in a bearish state, previously positions 1 and 2 had 2 pressure hits, then after hitting pressure 2, a pullback occurred, 3 confirmed the continuation of the decline, and 4 rebounded after the white moving average but still closed bearish, the upward momentum is weak. In the short term, if you want to strengthen, the current daily line needs to stand above the white moving average above 90000.
The moving averages here on the 8-hour are all opening downwards
The 4-hour consolidates and chooses a direction, but there is a detail that the ma30 is upward. If it goes down, it will definitely fall, but there is no follow here, 91100, 89580 nearby becomes a short-term rebound pressure.
Then the 1 hour, 30, and 15-minute are currently in a range consolidation. If there is no position, wait for the directional choice.
Earlier ETH provided a short-term long position between 2980-3010, currently there is no separate review, and the current short pressure is still around 3080, near 3130, with support below around 2950 and 2880.
