$ETH Weekly Review, bears continue to apply pressure‼️
How to make choices at key positions, are you ready to enter the market together?
This week, the Ethereum price has continuously retraced from the high point near 3450, with a minimum dip to 3040, a fluctuation space exceeding 400 points. Currently, the coin price is oscillating around 3100, with weak rebound strength, and the overall market presents a bearish pattern.
From the weekly level observation, Ethereum is operating in the middle to lower track area of the Bollinger Bands, and the MACD indicator is below the zero axis and continues to expand, indicating a clear bearish trend. If a rebound occurs, it is expected to be mainly technical repair, which can be seen as an opportunity to position short at high levels.
Operation suggestions are to focus on shorting around the rebounds of 3250 and 3330, adding positions around 3400, with a stop loss set at 3450, and the target first looking at 3040, and then down to 2800 after breaking.
Follow Sister Ting to unlock more in-depth analysis and precise strategies.
