ETH: The downward trend continues but there are signs of stabilization, opportunity for low buying!
Short-term moving averages are all pointing down, and the overall trend is still bearish. However, the good news is that after the price dropped to around 3160, it did not create new lows, and trading volume has started to decrease, indicating that selling pressure has reduced, showing signs of stabilization.
Combined with expectations for BTC's rebound, ETH can also follow with a small rebound. It is recommended to make light purchases in the 3160-3190 range, aiming for 3250, with a stop loss set at 3130. If the rebound strength is insufficient, take profits in a timely manner and avoid prolonged battles.
