The recent trend of ETH is simply written on the face of the 'bearish script'. For those still pondering whether to buy the dip, I advise you to first keep your little hands to yourself! As an old veteran who has been in the circle for eight years, I say this today: the current ETH trend is as clear as white paper, and short positions are the way to go!
First, let me share some solid insights for both new and old fans. Understanding this trend will help you avoid pitfalls. Those who are familiar with me know that I have always emphasized 'structure is king, trend is the guide', and ETH is now a typical continuation of a downward trend after breaking the ascending structure. Some may say, 'Wasn't there a rebound yesterday?' Don't joke around! How weak was yesterday's rebound? It was like a hungry little kitten stretching; just as it looked up to go up, it was directly pressed down and rubbed by bears. This is clearly a 'trap to lure in buyers', just waiting for greedy retail investors to jump in.
Let's get real; I've already taken action—I decisively laid out a short position near 2938. Why am I so sure? There are two core reasons: first, the key support level has been firmly broken, which is like the load-bearing wall of a house collapsing; it will be almost impossible to stabilize afterwards; second, from a daily perspective, there are no signals of a stop-loss at all; the moving averages are in a bearish arrangement, and volume continues to shrink. In this situation, trying to catch the bottom is no different from trying to catch a falling knife bare-handed. It’s purely playing with your own capital.
Of course, it's not that the bears will charge forward without looking back. Objectively speaking, the short-term bearish momentum has indeed slightly weakened, and there's a possibility of a small rebound. But everyone should not harbor any illusions; the space for this rebound is likely limited, at most it will touch around 3000 before being pushed back to reality. This kind of rebound is precisely a good opportunity for us to add to our short positions, as if the bears have given you a 'boarding benefit package'; missing it would be a big loss.
As for the target, my initial expectation is to first look for a doubling space. If we can successfully break the level later, we will look down for even lower targets. The overall thought process is very clear: maintain a bearish stance throughout, do not be misled by any small rebounds, and firmly seize the opportunities brought by the trend.
Lastly, let me add that the crypto market has always been about 'the bold get rich, and the timid starve, but the premise is that you must have real skills.' I spend a lot of time every day reviewing trends and tracking volume, just to provide everyone with the most accurate judgments. Friends who find my analysis useful, please do not hesitate to follow me; I will continue to update the real-time operational ideas for ETH, including key points for adding positions and taking profits. Follow me @链上标哥 so you won't get lost!!
