Monday Morning Ethereum Analysis

Good morning, the market trend for Ethereum saw a drop during the early hours, with Bitcoin plunging again to 2111, breaking below the lower Bollinger Band and entering an oversold state. It then rebounded, rising back up to around 2220 and entering an overbought state. The market seems to be up to something again, and this is likely just a temporary rebound before a further downtrend.

From a technical perspective, the 15-minute price chart has already entered an overbought state, and the Bollinger Bands, like Bitcoin, have transitioned from a contraction phase to an expansion phase. The middle Bollinger Band shows a slight upward trend, but the MACD indicator below has started to show a death cross above the zero line, indicating that the market will likely face another downward movement soon. However, currently, the MACD lines are not converging, and the short-term trend is still dominated by bullish momentum, after which a pullback is expected.

Trading Advice:

Consider shorting around 2250, with a target of 2180#加密市场回调 $BTC .