Auntie 3.17
The short-term moving average group (EMA15/30) is diverging downwards, and the price continues to stay below the moving averages, with bears dominating the short-term trend. However, some indicators show signs of a bottom, such as weakening bearish momentum in MACD, and KDJ and RSI entering the oversold region.
The Bollinger Bands on the 4-hour level are narrowing, and the price is running along the lower band. If it breaks through the middle band at $1,930, it may trigger a rebound; breaking below $1,800 would accelerate the decline. MACD shows a shrinking death cross, with DIF and DEA continuing to decline, but bearish momentum has weakened.
Short position opportunity: Short lightly at $1,920-$1,950 on a rebound, with a stop loss at $1,980 and a target of $1,850-$1,800.
Long position opportunity: If it stabilizes after a pullback to $1,830-$1,800, you can try going long, with a stop loss at $1,750-$1,800 and a target of $1,900-$1,930.
Ethereum's short-term technical outlook is bearish, but oversold signals and bottom support may trigger a rebound. It is recommended to focus on high selling and low buying, paying attention to the breakout at the resistance of $1,930 and the support of $1,800, combined with position management.
