ETH rebound is immediately overshadowed by dark clouds, unable to hold 1384, is the bear market about to make a big move?📉
Brothers, I am Arthur. ETH's recent rebound was just starting to show when it was slapped back down, the 'dark cloud cover' has directly dashed short-term hopes☁️
Falling from high positions all the way down to 1384, just when there was a bit of rebound imagination, the middle Bollinger Band became a 'rejection entry', along with EMA(13) continuing to press down, the MACD green bars are still present, the market is clearly stating: I am not ready to reverse yet.
📊 Market Analysis:
- EMA dual pressure, the market is like stepping on the gas and going backward;
- BOLL middle band not broken = rebound not established;
- Volume not increasing = no one willing to rush in;
- 1384 support is the last straw.
📌 Level List:
- Support: 1384 (breaking it is dangerous);
- Resistance: 1745 (Bollinger top area);
- Long stop loss: 1384, short stop loss: 1800.
Are you in the vehicle, beside the vehicle, or under the vehicle this time? Let's discuss in the comments.
I am Arthur, stay tuned for comments, top-tier team's free consultation channel is open to you, serving only ambitious madmen. $BTC $ETH