ETH Oversold Rebound Alert! Buy opportunity at support level 2180, target 2200+, FOMO sentiment rising!
Summary
Current price of ETH is 2192.63, down 9.38% in the last 24 hours, RSI 28.23 severely oversold, trading volume increased 4 times, indicating the release of selling pressure. It is recommended to go long in the short term, entry at 2190, stop loss at 2170, target 2210 (risk-reward ratio 1:1). Risk: If it falls below the 2170 support or there are macro negative factors, the strategy will be invalidated, position control within 2%.
Technical Analysis
1. Price Status:
• Bollinger Band position 4.58% (current price is close to the lower band 2183.85), indicating oversold rebound signal.
• MA200 (2498.81) deviation -12.25%, holding cost (2478.00) deviation -11.52%, both far higher than the current price, confirming bear market pressure.
2. Market Strength:
• Volume ratio 4.01, volume increased and fell in the last 24 hours, main selling is nearing the end; open interest decreased (24 hours -4.58%), capital outflow but buying pressure is 1.89x (order book shows total buy value 21.51 million vs sell value 11.35 million), smart money long-short ratio turned long (3.03), suggesting a rebound. No major new news, the market has digested the decline.
3. Key Support/Resistance:
• Support level 2180 (buy-side liquidity gathered 563,287 USDT), resistance level 2200 (sell-side liquidity 344,133 USDT). There are many sell orders in the near area (-411,149 USDT), but strong buy orders in the medium to long term, liquidity gap at 2170-2180, if it breaks below, it may accelerate the downside.
Market Cycle Analysis
Currently in the mid-bottom area of a bear market, price deviates from key moving averages, oversold indicators suggest a possible short-term rebound, but the overall trend is weak.
Trading Strategy
• Entry Point: 2190 (buy-side liquidity concentration area, conservative point).
• Stop Loss Point: 2170 (below key support, to prevent breakdown).
• Target Level: 2210 (upper limit of resistance area).
• Risk-Reward Ratio: 1.0 (calculated based on long formula).
Risk Warning: Market risks include continuous capital outflow (24-hour net flow -498k) or black swan events; conditions for strategy invalidation are price falling below 2170; during operation, position ≤ 2%, avoid low liquidity periods (such as early Asian session).
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