MA7 provides perfect resistance, forming an “iron ceiling”:
Look closely at the chart. Although the price has rebounded, MA7 (2430.78) is now pressing firmly down overhead, like Mount Tai bearing down.
The price rebounded from 2327 but didn’t even reach MA7. This clearly signals that the bulls’ comeback has failed completely. In a downtrend, a rebound that hits MA7 is an excellent shorting opportunity—not a buying opportunity to chase longs!$ETH
Look closely at the chart. Although the price has rebounded, MA7 (2430.78) is now pressing firmly down overhead, like Mount Tai bearing down.
The price rebounded from 2327 but didn’t even reach MA7. This clearly signals that the bulls’ comeback has failed completely. In a downtrend, a rebound that hits MA7 is an excellent shorting opportunity—not a buying opportunity to chase longs!$ETH