ETH lower bound oscillation, is the rebound a false move? Beware of the 'golden trap' at 1850 ⚠️
I am Arthur. Today, looking at the 4-hour chart of ETH, the first word that comes to my mind is: exhausting 😮💨.
The K-line is brushing against the lower Bollinger Band and unwilling to move, the MACD death cross remains unresolved, and the rebound is as weak as someone who hasn't had enough to eat. The only bright spot is that there has been a significant increase in trading volume around 1410, as if a big player is secretly accumulating 🤫
📊 Key takeaways:
- The EMA is still suppressed in the short term, and 1850 is a hard ceiling;
- The MACD is alternating between red and green, typical of an oscillating market;
- BOLL shows insufficient rebound, still leaning towards a bearish oscillating market.
📌 Key levels recap:
- Support: 1545, 1410, active buying area;
- Resistance: 1850, don't fantasize if it can't break through;
- Long stop loss: 1410, short stop loss: 1920.
Do you think this is the prologue to a reversal, or a new round of bearish accumulation? Let's talk in the comments!
I am Arthur. Follow and comment; a top-level team is opening a free consultation channel for you, only serving ambitious lunatics. #ETH🔥🔥🔥🔥🔥🔥 #BTC $ETH $BTC