ETH Plunges Below 2555: Is It Time to Escape or to Profit?
🚨 ETH/USDT 1-Hour Trend Report: Current Price $2581, Technical Analysis Indicates Short-Term Bearish! Key Data Interpretation:
1️⃣ BOLL Lower Support at $2555 (LOW:2555.24), if broken, may accelerate the decline; holding might lead to a short-term rebound!
2️⃣ MACD Double Line Death Cross (DIF:23.02 < DEA:36.83), bearish momentum intensifying, MACD Bar -27.61, "Bearish momentum confirmed!"
3️⃣ EMA7 ($2629) has strong resistance; a rebound requires breaking this level to turn bullish.
⚠️ Trading Recommendations:
Short-term traders: Watch for support near 2555; decisively stop loss if broken!
Bottom-fishing: If it stabilizes above 2555 with volume, consider light positions to go long, target $2640 (BOLL Middle Band).
Risk Alert: 1-hour level SAR resistance at $2695, "Trend is NOT your friend now!"
🔥 Current market sentiment is weak; beware of price spikes! Rapid drops and rises are opportunities, but having a stop loss is essential! Data doesn't lie, but your position dictates survival.
📉 Prediction: In the next hour, highly likely to test 2555; if it holds, a choppy rebound is expected; otherwise, look down to $2520. Stay sharp, trade smart! 💪
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