10.13 Ethereum Silk Road $ETH
Direction: Bearish bias; consider entering only if a rebound meets resistance
Entry zone: 2455–2470
Risk zone: 2490–2505
Take-profit targets: 2430 → 2410 → 2407
Key takeaway: ETH has declined steadily from 2578.44, reaching a low of 2407.50, and has now rebounded to around 2444. Price is still moving around MA(7) at 2447.06 and MA(30) at 2437.23. Although there has been a rebound after the sharp drop, there is still no clear reversal signal. First, watch to see whether 2455–2470 acts as resistance. If the rebound lacks strength, the next levels to watch are 2430, 2410, and the previous low near 2407. If the price reclaims and holds above 2470, pause the short-term bearish strategy. $ETH #ETH
Direction: Bearish bias; consider entering only if a rebound meets resistance
Entry zone: 2455–2470
Risk zone: 2490–2505
Take-profit targets: 2430 → 2410 → 2407
Key takeaway: ETH has declined steadily from 2578.44, reaching a low of 2407.50, and has now rebounded to around 2444. Price is still moving around MA(7) at 2447.06 and MA(30) at 2437.23. Although there has been a rebound after the sharp drop, there is still no clear reversal signal. First, watch to see whether 2455–2470 acts as resistance. If the rebound lacks strength, the next levels to watch are 2430, 2410, and the previous low near 2407. If the price reclaims and holds above 2470, pause the short-term bearish strategy. $ETH #ETH