$ETH The target is 3205. Once it opened, it plummeted. This trend actually looks quite good.
The K-line has been following the short moving average downwards, with the moving averages showing a bearish arrangement, indicating continued selling pressure above and no significant rebound.
The middle and upper bands are constantly pressing down, indicating that the trend is still accelerating. Now the price has hit near the lower band and stabilized briefly, suggesting that the bearish short-term momentum may be entering a slowdown zone, but as long as it doesn't stabilize above the short moving average, any rebound is merely a technical breath, and the overall structure still leans towards weakness.
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