Stop shouting 'catch the bottom'! Strategies use bullish skulls as ashtrays: If $4475 doesn’t break, you are the iceberg of the Titanic in the crypto circle!
"In the crypto circle, the most dangerous thing is not the steep decline, but thinking that the drop is sufficient when the liquidation storm has just begun!"
How will ETH perform today? To summarize in one sentence: In the short term, it feels like stepping on a spring; the harder you push down, the stronger the rebound may be, but don’t rush to catch the bottom!
First, let's cool down: The technicals have turned bearish across the board; don’t go against the trend.
Key level completely breached: The current ETH price is $4441, which has already broken the 'lifeline' of $4475. Even the Bollinger middle band has become a resistance level. It's like playing a game without a shield; bears can easily push down.
MACD like a deflating balloon: The bearish energy bars are getting larger, and the DIF and DEA lines have crossed below the zero axis, indicating that the downward momentum is still strengthening. For example: this is like driving a car with the accelerator fully pressed down, and the brakes are still broken.