Ethereum has seen a one-week decline and faces resistance in its rebound! 4190 support becomes a key short-term factor, MACD death cross warning remains.
Ethereum has maintained a declining trend for a consecutive week.
This morning, Ethereum's price briefly dropped to the 4070 level, followed by a rebound of nearly 200 points, which is significantly stronger than BTC. However, after rising to the upper area of the descending trend line, it showed obvious signs of a pullback, making it clear that the upward movement is facing resistance in the short term.
From the perspective of support levels, the lower level of 4190 is currently a key support that needs to be closely monitored. If the price drops below this support level in the form of a solid bearish candle, it indicates that the downward trend will further continue, and the intensity of the pullback is likely to increase, potentially opening up further downward space.
From the daily MACD indicator perspective, the death cross pattern has formed and continues to operate, and this technical signal clearly indicates that the current market is still in a bearish dominant pattern, not yet free from the shadow of decline, with an overall weak atmosphere.
In summary, the current downward trend of Ethereum has not changed, the rebound is weak, and the gains and losses of the key support level will become an important barometer of short-term trends, with technical indicators not yet showing any positive signals of stabilization or reversal. $BTC #加密市场回调 $ETH #Strategy增持比特币 $SOL
Ethereum has maintained a declining trend for a consecutive week.
This morning, Ethereum's price briefly dropped to the 4070 level, followed by a rebound of nearly 200 points, which is significantly stronger than BTC. However, after rising to the upper area of the descending trend line, it showed obvious signs of a pullback, making it clear that the upward movement is facing resistance in the short term.
From the perspective of support levels, the lower level of 4190 is currently a key support that needs to be closely monitored. If the price drops below this support level in the form of a solid bearish candle, it indicates that the downward trend will further continue, and the intensity of the pullback is likely to increase, potentially opening up further downward space.
From the daily MACD indicator perspective, the death cross pattern has formed and continues to operate, and this technical signal clearly indicates that the current market is still in a bearish dominant pattern, not yet free from the shadow of decline, with an overall weak atmosphere.
In summary, the current downward trend of Ethereum has not changed, the rebound is weak, and the gains and losses of the key support level will become an important barometer of short-term trends, with technical indicators not yet showing any positive signals of stabilization or reversal. $BTC #加密市场回调 $ETH #Strategy增持比特币 $SOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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