One, Daily Level Analysis: The bull's last effort, pullback pressure is approaching.
K-Line Pattern: Yesterday's strong bullish candle broke through multiple moving averages and formed a long upper shadow at a high position, today forming an engulfing structure, initial top signal appears.
BOLL Channel: Price touches the upper track (about 2834) and is hindered from falling back, the Bollinger channel is about to open, beware of the 'high spike and fall' enticing bullish trend.
Moving Average System: EMA7 (2681) quick upward support is still there, but there is too much disconnection from the current price, strong demand for retracement repair.
MACD: The dual lines continue to diverge above the zero axis, but signs of red bar momentum topping divergence are beginning to appear.
Though the daily line is still within the rising channel, the top signal is clear, reversal pressure is increasing, especially in the area above 2800, where funds are obviously stagnating.
Two, Four Hour Chart: The phased top structure has appeared, the best shorting opportunity is approaching.
K-Line Structure: Forming a clear 'high spike long upper shadow + weak horizontal consolidation + engulfing structure' short top combination.
Moving Average Status: EMA7, EMA20 are gradually flattening, once it breaks through EMA20 (around 2725), it will trigger a trend reversal.
BOLL Band: Top expansion + price retracing to the middle track, if it fails to hold, it will test the lower track around 2550.
MACD: High position death cross begins to form, green bars initially appear, prelude to the release of bearish momentum has arrived.
Four-hour chart structure shows that ETH's short-term bullish strength has weakened, entering the topping phase, currently in preparation before the first wave of bearish strength.
Three, One Hour Chart: Short-term top divergence + increased expectation of decline.
K-Line: Bearish candles are dense, showing a 'step-like decline' structure, clear bearish rhythm.
Bollinger Band: Beginning to tilt downwards, price runs between the middle and lower tracks.
Moving Average System: EMA7, EMA20 death cross is obvious, price running below.
MACD: Death cross has formed, green momentum is expanding.
One hour structure dominated by bears, the decline rhythm is clear, there is a possibility of a rapid drop in the short term.
Four, ETH Shorting Strategy Suggestions (Current Price: 2779)
Project Value
Opening Position: 2783
First Zhi Ying: 2741,
Second Zhi Ying: 2699
Zhi Loss Position: 2826
