Will ETH rebound or crash?
#ETH is now stuck around 2420, can this position become a lifeline?
The market shows a fierce tug-of-war between bulls and bears, with big funds pulling back and forth here, and the buy and sell orders are about to clash!
Currently, the market is completely bewildered, but the 3-hour KDJ just had a golden cross, indicating that there is indeed a chance for a short-term rebound to correct the decline!
However, don’t rush to go all in! The overall trend is still in the hands of the bears! The upper EMA 24/52 moving averages are pressing down hard, and the trading volume has shrunk to a mere sprout—this is not a sign of a rebound! It is clearly the calm before the storm!
Scalping for a rebound around 2420 is possible, but you must enter and exit quickly like a playboy! If it effectively breaks down, the speed of the decline will be more thrilling than a free fall ride! If it breaks, you must cut losses and run; your life is at stake!
Although the market is slightly sluggish now, opportunities will come; just wait for a pullback, keep an eye out, and feel free to discuss future market views anytime.
