【$ETH Trend Analysis】
K-line Pattern:
The 4-hour level formed a double top structure near 2700 and quickly broke below the neckline at 2645, with a minimum reaching 2496. The current rebound is hindered by EMA7 (2665) and the integer level of 2650.
The daily chart shows three consecutive large bearish candles engulfing the previous gains, and yesterday's long lower shadow indicates significant buying support around 2500.
Technical Indicators:
MACD:The 4-hour level DIF crosses below DEA forming a death cross; the daily fast and slow lines turn down from a high position but have not crossed.
RSI:4-hour RSI (33.39) has entered the oversold zone; daily RSI dropped quickly from 73 to 49, indicating a short-term correction of overheating sentiment.
EMA:The price has fallen below all EMA moving averages (7/30/120), indicating a bearish arrangement. The 4-hour EMA120 (2581) is a key support level.
Volume:
On the day of the crash (June 12), the 4-hour volume reached 210,000 ETH, showing clear panic selling characteristics.
The recent 4-hour K-line volume has shrunk to around 80,000 ETH, indicating a weakening of selling momentum.
【Ethereum Strategy Points】
Buy Point One: 2480 (integer level combined with EMA120 daily support)
Buy Point Two: 2450 (intersection of previous low 2442 and monthly trend line)
Long Stop Loss Point: 2430 (10 USDT tolerance space below the weekly segment low of 2420)
Sell Point One: 2630 (4-hour EMA7 pressure + double top neckline retest)
Sell Point Two: 2680 (daily EMA30 moving average and the starting point of the crash resonance pressure)
Short Stop Loss Point: 2710 (confirmation of reversal signal failure after breaking the previous high of 2703.6)
There are profitable positions inside that have been successfully resolved by me. Also, the several points I mentioned yesterday have already been profitable.
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