$ETH Is the rebound actually a trap for enticing buyers? The technicals are showing a dead cross, and bears are setting their trap!

Currently, Ethereum's short-term trend has significant downward pressure, so those holding positions should be cautious.

From a technical perspective, the 90-minute candlestick chart has formed a doji pattern, indicating fierce competition between bulls and bears at high levels without any breakthrough. The current price continues to operate below the 24-day and 52-day exponential moving averages, and the 24-day moving average has crossed below the 52-day moving average, creating a dead cross, which clearly shows that bearish forces are still dominant.

It's particularly important to be wary of the densest trading area concentrated in the 4285-4303 range, while the current price is far from this support level. This means that if the price continues to decline, it will face the dilemma of lacking effective buy orders, which could likely trigger an accelerated drop.

Although the RSI indicator shows a double bottom formation and the KDJ indicator has formed a golden cross, on the surface, it seems there is a demand for a rebound, but it is essential to recognize the reality of continuously shrinking trading volume. The 20-day average volume line has significantly dropped by 34.23%, indicating that the actual buying momentum in the market is severely lacking. In this situation, even if a technical rebound occurs, it is very likely to be a trap set by the main players to entice buyers, and retail investors should not blindly chase higher prices.

My judgment is: the current market is in a typical bearish arrangement, and all rebounds should be viewed as opportunities to reduce positions rather than signals to enter the market. It is advisable to pay close attention to the critical support level at 4285; if this level is effectively breached, one should be alert to the initiation of a new round of downtrend.

When to enter, when to run? How to catch strong coins? How much to set for profit-taking? Shisan Yi will inform fans in Shéqun at the first opportunity. As long as you follow my ideas and execute what I say, you will definitely reap the rewards! #加密市场回调 #主流币轮动上涨