Looks like Ethereum is stuck, let me share some insights from a technical perspective.
Right now, Ethereum is really weak; it can't seem to pump or dump. From the charts, it seems to be in a weak consolidation phase, building a bottom. The current price fluctuations are just a market correction.
Additionally, the short-term price is below the moving averages, and the MACD is also below the zero line, but the green bars are shrinking, indicating that the bears are losing steam. Overall, the market sentiment is still weak.
Ethereum at 2217 is a key level for bulls and bears, but currently, it's under 2217 and still dominated by the bears. However, it hasn't made new lows, which is a positive sign for holding long positions. If the price stabilizes and forms a lower wick around 2170 while liquidating some longs, it might be a good time to enter a long.
Right now, there’s a significant divide between bulls and bears, but the biggest factor affecting the market is the situation between the US and Iran, which isn't good for the market.
Here are some long and short levels for reference:
Longs: 2170-2175 (aggressive long)
2150-2160 (conservative long)
Stop Loss: 2135
Take Profit: 2198 and 2217 in batches
Shorts: 2195-2200 (aggressive short)
2215-2220 (conservative short)
Stop Loss: 2235
Take Profit: 2175 and 2160 in batches
These levels are for your reference; don't go heavy on your positions. Remember to manage your risk!!!
If you like it, please give a thumbs up to keep me motivated. Thanks, everyone 🙏$BTC $ETH #谈判僵局 #美伊局势最新反转
Right now, Ethereum is really weak; it can't seem to pump or dump. From the charts, it seems to be in a weak consolidation phase, building a bottom. The current price fluctuations are just a market correction.
Additionally, the short-term price is below the moving averages, and the MACD is also below the zero line, but the green bars are shrinking, indicating that the bears are losing steam. Overall, the market sentiment is still weak.
Ethereum at 2217 is a key level for bulls and bears, but currently, it's under 2217 and still dominated by the bears. However, it hasn't made new lows, which is a positive sign for holding long positions. If the price stabilizes and forms a lower wick around 2170 while liquidating some longs, it might be a good time to enter a long.
Right now, there’s a significant divide between bulls and bears, but the biggest factor affecting the market is the situation between the US and Iran, which isn't good for the market.
Here are some long and short levels for reference:
Longs: 2170-2175 (aggressive long)
2150-2160 (conservative long)
Stop Loss: 2135
Take Profit: 2198 and 2217 in batches
Shorts: 2195-2200 (aggressive short)
2215-2220 (conservative short)
Stop Loss: 2235
Take Profit: 2175 and 2160 in batches
These levels are for your reference; don't go heavy on your positions. Remember to manage your risk!!!
If you like it, please give a thumbs up to keep me motivated. Thanks, everyone 🙏$BTC $ETH #谈判僵局 #美伊局势最新反转
