#ETH : Is the plunge just the beginning? $2,050 is not confirmed as the bottom, and the real rebound point has yet to appear!
Guys, don’t be fooled by a few rebound candles after last night’s move in Ether!
First, let’s look at the chart. ETH is currently trading at around $2,128, and the 15-minute chart has already formed a clear downward structure. It fell from around $2,240, touching a low near $2,050. The bears clearly have the upper hand in the short term!
Wei will get straight to the point: this is a weak recovery after a sharp drop, and it’s too early to call it a reversal.
I’m watching three key levels:
1. $2,100–$2,050: Short-term support zone
There was a clear dip and rebound near $2,050. This is the level short-term bulls need to defend. If the price falls below $2,050 again, the rebound structure could break down, and we’ll need to watch for further selling pressure below.
2. $2,150–$2,180: First resistance zone
The rebound is not particularly strong. If the price can’t reclaim and hold above $2,150–$2,180, the move is more likely to be a recovery within the downtrend than the start of a new rally.
3. $2,200–$2,230: Zone to watch for a trend reversal
Only if the price reclaims this zone, with trading volume confirming the move, would it be worth turning more bullish. Otherwise, there’s no need to rush into long positions.
Now let’s look at the RSI. The short-term indicator had previously entered clearly bearish territory. It has recovered somewhat, but there still isn’t a convincing bullish signal.
Wei’s practical approach: Don’t blindly short during a sharp drop, and don’t rush to buy the dip just because the market is oversold.
The most important thing in trading isn’t guessing the direction right every time—it’s knowing in advance where to enter, where to place your stop-loss, and where to take profit.
Tonight, I’ll be watching closely to see whether $2,050 holds and whether $2,150 can be convincingly reclaimed. These two levels will determine who has the upper hand in the next move.
If you’re holding ETH too, but keep buying at the top of rebounds and shorting at the bottom of drops, come talk to Wei.
I’d rather explain the entry logic, stop-loss level, and take-profit plan clearly than just give you a prediction about whether the price will rise or fall.
Want to know how to position for ETH’s next move tonight? Follow @知薇掌盘 . I’ll break down the next key levels for you in advance!
#币安将恢复更多资产提现
#非农就业数据推升加息预期
Guys, don’t be fooled by a few rebound candles after last night’s move in Ether!
First, let’s look at the chart. ETH is currently trading at around $2,128, and the 15-minute chart has already formed a clear downward structure. It fell from around $2,240, touching a low near $2,050. The bears clearly have the upper hand in the short term!
Wei will get straight to the point: this is a weak recovery after a sharp drop, and it’s too early to call it a reversal.
I’m watching three key levels:
1. $2,100–$2,050: Short-term support zone
There was a clear dip and rebound near $2,050. This is the level short-term bulls need to defend. If the price falls below $2,050 again, the rebound structure could break down, and we’ll need to watch for further selling pressure below.
2. $2,150–$2,180: First resistance zone
The rebound is not particularly strong. If the price can’t reclaim and hold above $2,150–$2,180, the move is more likely to be a recovery within the downtrend than the start of a new rally.
3. $2,200–$2,230: Zone to watch for a trend reversal
Only if the price reclaims this zone, with trading volume confirming the move, would it be worth turning more bullish. Otherwise, there’s no need to rush into long positions.
Now let’s look at the RSI. The short-term indicator had previously entered clearly bearish territory. It has recovered somewhat, but there still isn’t a convincing bullish signal.
Wei’s practical approach: Don’t blindly short during a sharp drop, and don’t rush to buy the dip just because the market is oversold.
The most important thing in trading isn’t guessing the direction right every time—it’s knowing in advance where to enter, where to place your stop-loss, and where to take profit.
Tonight, I’ll be watching closely to see whether $2,050 holds and whether $2,150 can be convincingly reclaimed. These two levels will determine who has the upper hand in the next move.
If you’re holding ETH too, but keep buying at the top of rebounds and shorting at the bottom of drops, come talk to Wei.
I’d rather explain the entry logic, stop-loss level, and take-profit plan clearly than just give you a prediction about whether the price will rise or fall.
Want to know how to position for ETH’s next move tonight? Follow @知薇掌盘 . I’ll break down the next key levels for you in advance!
#币安将恢复更多资产提现
#非农就业数据推升加息预期
