Six

Ming Ge ETH Midday Observation

ETH has clearly entered a correction period in the midday market. The price quickly fell back from the intraday high, with K-line continuously recording solid bearish candles, and the signals of concentrated selling pressure being released significantly. The moving average system has shifted from a bullish arrangement to a bearish dominance, with the short-term moving average crossing below the medium-term moving average forming a death cross pattern. After the price broke below the support of the two lines, the previous support level has turned into the current main resistance.

If it cannot regain the 3570 level within 1 hour, bearish momentum may continue, and the price is expected to continue to probe lower.

Viewpoint:

If it cannot stabilize above the 3570 level, the bearish outlook continues.

You can look to position short near 3560.

The first target is to look for support near 3520. If it breaks below the 3500 round number, further attention can be given to the area around 3460.

Ming Ge only conducts real trades, the team still has position to enter quickly at #ETH .