$ETH has dropped to a key support! Is it time to buy the dip, or wait for a lower price?

From this chart, it can be seen that ETH has been relatively weak recently, with prices hovering around 2500, which is a significant drop from the previous high of over 2800. Currently, all moving averages are above the price, indicating that short-term sentiment is still bearish, making it difficult for prices to rise.

The RSI indicator shows that it is currently oversold in the short term, suggesting that the decline has been quite sharp, and there might be a small rebound. However, the MACD is still moving downward, with long green bars, indicating that the downward momentum has not fully played out, so any rebound may not be very strong.

Looking down, 2450 is a minor support; if it breaks below this, it may drop to 2400. Looking up, 2600-2650 is a resistance zone; if there’s a rebound to this level and it cannot break through, it may drop further.

In simple terms, it is not suitable to rush to buy the dip right now. If you want to short, you can wait for a rebound to around 2600 before making a decision.

If you want to go long, it’s best to wait for the RSI to return above 50 or for the price to stabilize above 2650 before proceeding.

In the short term, it may continue to oscillate downwards, but after being oversold, there could be a small rebound. Just avoid chasing highs and cutting losses. #以色列伊朗冲突

Next, I will continue to strategize. Instead of fumbling around and failing to capture the best entry and exit points which could lead to holding losses, it’s better to follow me if you agree.