ETH Brother Hao’s Trading Guide for Today
On September 16, ETH saw a significant drop in the early hours, and is currently in a weak, ranging repair phase. The overall market trend remains clearly bearish, with strong downside pressure in the near term.
Technically, everything is trending lower. On the hourly chart, the short-, mid-, and long-term moving averages form a complete bearish alignment, layering pressure to suppress price rebounds. The MACD continues to run below the zero line, and bearish momentum is still spreading. Price is riding along the lower Bollinger Band. Even in oversold conditions, rebounds remain weak. Bullish sentiment continues to cool, while selling pressure keeps accumulating.
Intraday resistance for short-term moves is mainly concentrated in the 2410–2440 range—this is the key area where rebounds will face heavy resistance. The first support below is 2380. If it breaks down convincingly, price may further test the 2330 low. Continued breakdown would also trigger the risk of large-scale liquidation cascades.
For today’s overall approach, Brother Hao is looking to short in line with the trend. If the rebound reaches the 2410–2440 zone, consider shorting in batches. The first short-term target is 2380. If weakness persists and the market continues down, the second target can be 2330. Do not chase longs on high rebounds. #ETH $ETH
On September 16, ETH saw a significant drop in the early hours, and is currently in a weak, ranging repair phase. The overall market trend remains clearly bearish, with strong downside pressure in the near term.
Technically, everything is trending lower. On the hourly chart, the short-, mid-, and long-term moving averages form a complete bearish alignment, layering pressure to suppress price rebounds. The MACD continues to run below the zero line, and bearish momentum is still spreading. Price is riding along the lower Bollinger Band. Even in oversold conditions, rebounds remain weak. Bullish sentiment continues to cool, while selling pressure keeps accumulating.
Intraday resistance for short-term moves is mainly concentrated in the 2410–2440 range—this is the key area where rebounds will face heavy resistance. The first support below is 2380. If it breaks down convincingly, price may further test the 2330 low. Continued breakdown would also trigger the risk of large-scale liquidation cascades.
For today’s overall approach, Brother Hao is looking to short in line with the trend. If the rebound reaches the 2410–2440 zone, consider shorting in batches. The first short-term target is 2380. If weakness persists and the market continues down, the second target can be 2330. Do not chase longs on high rebounds. #ETH $ETH
