ETH Bottom Chip Zone, Short-Term Rebound or Continued Bottom Testing?
Ethereum has now reached a critical support testing phase, and the bottom chip peak is likely to determine the final direction!
Looking at the 2-hour K-line, the current price is hovering around $3590, just touching the lower edge of the bottom chip cluster in the $3770-3794 range.
The KDJ has golden crossed and is in the oversold zone, which is a signal for a bottom reversal. Additionally, with the appearance of a hammer candlestick pattern, the possibility of a short-term rebound is very high. I believe this rebound has potential!
However, the price is still being pressured by the EMA24/52 moving averages, and the overall trend is still weak. If it cannot firmly stand above $3600, it is likely to test the support at $3550 again.
Therefore, whether the bottom chip peak is stable is the key factor that determines the outcome!
This once-in-a-decade opportunity, if not seized now, will truly be missed. Recently, Aunt Thirteen has discovered several very promising coins, which will be announced internally, and you're welcome to come talk to Aunt Thirteen!
