$ETH
Ethereum Trend Analysis
Please check!
From the four-hour level line, the current market is still in a 🈳 head trend.
ETH has already reached the lowest point of 2001.09, currently oscillating above 2080. Yesterday, a small long position was directly lost, and the reverse operation saved me a life!
Due to the continuous decline in the U.S. stock market forming a spillover effect, the cryptocurrency market has also entered a continuous downward mode again!
The current market is still oscillating above 2000, with insufficient upward reversal volume. The moving averages show a typical 🈳 head arrangement. Before the coin price can effectively stabilize above the 5-day moving average resistance, the high short strategy remains!
🈳: Around 2100 🈳, currently looking at around 2050!
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