$ETH Can you still trust the bottom of Ethereum?
#ETH跌破2400
Fell from 2666 back to 2396—do you see old support and want to buy the dip? Don’t rush. According to the 4-hour chart in the image, both MACD lines are still below the zero line. The fast line remains below the slow line, and the downside momentum hasn’t clearly reversed yet.
2350—2380 is the lower edge of this trading range. It has shown support multiple times before. But holding it a few times doesn’t mean you can blindly buy this time.
If it retraces and holds, and then reclaims 2420 on the close, there may be a chance for a rebound toward 2440—2460, covering part of the space of the recent sharp selloff. Higher up, 2515—2530 is still resistance at the top of the range. Until it breaks out, don’t rush to call for new highs.
On the other hand, if the 4-hour chart closes below 2350 and the rebound can’t get back above it, then treat it as a breakdown of the range. First, watch the area 2280—2300. Especially don’t take a single long lower wick as proof that the bottom is already in.
The Fed’s rate decision for this round is scheduled to conclude on September 16. Around the release of Fed schedule updates, I’ll pay even more attention to confirmation by closing prices.
As long as support hasn’t broken, don’t chase shorts at the bottom of the range. If you want to catch longs, wait for the selloff to stabilize and key levels to be reclaimed—test with a small position. Whether the “bottom” can be trusted—let the price answer; don’t use your principal to guarantee it. If you want the entry timing for what comes next, come find me.
#ETH跌破2400
Fell from 2666 back to 2396—do you see old support and want to buy the dip? Don’t rush. According to the 4-hour chart in the image, both MACD lines are still below the zero line. The fast line remains below the slow line, and the downside momentum hasn’t clearly reversed yet.
2350—2380 is the lower edge of this trading range. It has shown support multiple times before. But holding it a few times doesn’t mean you can blindly buy this time.
If it retraces and holds, and then reclaims 2420 on the close, there may be a chance for a rebound toward 2440—2460, covering part of the space of the recent sharp selloff. Higher up, 2515—2530 is still resistance at the top of the range. Until it breaks out, don’t rush to call for new highs.
On the other hand, if the 4-hour chart closes below 2350 and the rebound can’t get back above it, then treat it as a breakdown of the range. First, watch the area 2280—2300. Especially don’t take a single long lower wick as proof that the bottom is already in.
The Fed’s rate decision for this round is scheduled to conclude on September 16. Around the release of Fed schedule updates, I’ll pay even more attention to confirmation by closing prices.
As long as support hasn’t broken, don’t chase shorts at the bottom of the range. If you want to catch longs, wait for the selloff to stabilize and key levels to be reclaimed—test with a small position. Whether the “bottom” can be trusted—let the price answer; don’t use your principal to guarantee it. If you want the entry timing for what comes next, come find me.
