$ETH The current price fluctuates around 2972.68, with a significant downtrend. Although the short-term bearish momentum has eased, there are signs of local stabilization, and it is close to the support level of 2930.00. It may either rebound or consolidate at a low level, but reversal signals are unclear. A breakthrough of the resistance level at 2986.63 would make the rebound more credible. In terms of technical analysis, the black three soldiers confirm a short-term decline, and the doji may indicate a reversal, while the bottom formation shows support. Trading volume is highly volatile, with increased volume during the downward movement and insufficient bullish momentum. MA7 crossing below MA30 forms a death cross, with the price below the moving averages, indicating bears dominate. KDJ is recovering from a low level but is not oversold, showing weak fluctuations. BOLL shows the price slightly breaking the lower band, with an expanding bandwidth, giving bears a slight advantage.
In terms of operation, do not blindly bottom fish for now, mainly observing. Aggressive traders can lightly accumulate in the range of 2959.50-2930.00, with a stop loss at 2930; if there is a breakthrough of MA30 with increased volume, they can add positions. Conservative traders should wait for trend stabilization. Trading points: Buy at 2959, stop loss at 2930; sell at 2997, stop loss at 3019 for short positions.
Strong recovery, asset doubling! Stay close in rainy days, layout in advance, and easily reap significant profits.
Continuous attention: USUAL HIPPO
