Concubine 3.15
The review by the U.S. SEC regarding the 'securities nature' of Ethereum is still ongoing. If classified as a security, it may trigger delisting risks on exchanges.
The daily chart remains below the moving averages, with MACD showing a dead cross. The OBV indicator indicates capital outflow, and the overall trend remains bearish. However, the RSI is approaching the historical oversold range (the Fear and Greed Index has dropped to 27), indicating a demand for a rebound from oversold conditions.
The current price is at the top of the descending channel. If it breaks above $1950, it may trigger short covering, but beware of false breakout risks.
(If the price stabilizes above the $1800 support, a 'W-bottom' pattern may form, initiating a technical rebound.)
Long Position: If it retraces to around $1875 without breaking, a long position can be taken. Target $1985/$2035.
Short Position: If it rises to $1985/$2035. Stop loss at $5/$10.
Maintain high sell and low buy within the range of $1850-$1950 during the day, paying attention to changes in capital flow during the U.S. trading session. It is advisable to operate with light positions before the weekend.
