$ETH 10.10 Ethereum (ETH) went from a short squeeze to a freefall in just three days. How many leveraged traders were wiped out overnight in this brutal battle between bulls and bears? The current price is 2490, and both sides are waiting for direction. Some say it will fall to 2300; others say it will rebound to 2600. All the arguing is pointless. Until the market shows its hand, nobody can predict it accurately. All we can do is mark out the trading range and act when the price reaches our levels; otherwise, just sit back and watch. Here’s a simple approach: mark the support and resistance levels, set alerts, and trade when the price gets there. That way, you don’t have to watch the charts constantly or let emotions lead you.
The daily candlestick has fallen below the lower Bollinger Band at 2522, as well as EMA15 and EMA30, with all short-term moving averages turning downward. Bearish momentum on the MACD is still building. The only good news is that the price is still holding above EMA60, the medium-term dividing line between bulls and bears. The TD sell count is only at 3, which suggests the daily correction may not be over yet. The key level to watch next is 2450. If it fails to hold, the price could test 2360 or even lower.
On the four-hour chart, the price has fallen below all the EMA moving averages, which are aligned bearishly. EMA15 at 2533 is the first resistance, with EMA30 and EMA60 adding further layers of pressure. The MACD has formed a death cross near the zero line, and downward momentum is still accelerating. The Bollinger Bands are opening downward; the middle band at 2567 has turned from support into resistance, while the lower band at 2404 is currently the only technical support. One thing worth noting: near the recent low of 2443, TD buy counts of 9 and 13 appeared, signaling short-term oversold conditions. The price rebounded from 2443 to 2510 before being pushed back down, showing that the rebound is weak and bulls and bears are locked in a repeated struggle here.
Short-term levels to watch:
Long: If the price finds support between 2400 and 2350, set a 40-point stop-loss and target 2500 to 2550.
Short: If the price stalls between 2530 and 2570, set a 40-point stop-loss and target 2450 to 2400.
Base specific trades on real-time order book data. For more information, you can contact the author. This article may be published with a delay and is for reference only. Trade at your own risk.
#ETH走势分析
The daily candlestick has fallen below the lower Bollinger Band at 2522, as well as EMA15 and EMA30, with all short-term moving averages turning downward. Bearish momentum on the MACD is still building. The only good news is that the price is still holding above EMA60, the medium-term dividing line between bulls and bears. The TD sell count is only at 3, which suggests the daily correction may not be over yet. The key level to watch next is 2450. If it fails to hold, the price could test 2360 or even lower.
On the four-hour chart, the price has fallen below all the EMA moving averages, which are aligned bearishly. EMA15 at 2533 is the first resistance, with EMA30 and EMA60 adding further layers of pressure. The MACD has formed a death cross near the zero line, and downward momentum is still accelerating. The Bollinger Bands are opening downward; the middle band at 2567 has turned from support into resistance, while the lower band at 2404 is currently the only technical support. One thing worth noting: near the recent low of 2443, TD buy counts of 9 and 13 appeared, signaling short-term oversold conditions. The price rebounded from 2443 to 2510 before being pushed back down, showing that the rebound is weak and bulls and bears are locked in a repeated struggle here.
Short-term levels to watch:
Long: If the price finds support between 2400 and 2350, set a 40-point stop-loss and target 2500 to 2550.
Short: If the price stalls between 2530 and 2570, set a 40-point stop-loss and target 2450 to 2400.
Base specific trades on real-time order book data. For more information, you can contact the author. This article may be published with a delay and is for reference only. Trade at your own risk.
#ETH走势分析