📣2/5 Ethereum Trend Analysis and Steady Operation Recommendations:
The four-hour chart shows a clear bearish trend for Ethereum, with the price around $2125, approximately a 6.5% decline over 24 hours, fluctuating between $2075 and $2296. Trading volume is low, and rebounds are weak, dominated by the bears.
The four-hour chart displays a standard descending flag pattern, with lower highs and lower lows, and a bearish alignment of moving averages. The price remains below the moving averages, with each rebound suppressed by the moving averages, indicating a typical weak structure. The RSI indicator enters the oversold zone but lacks effective volume confirmation, showing a continuation of the decline rather than a reversal signal. Bearish momentum is still being released. Moving average system: The four-hour MA5, MA10, MA20, and other moving averages are all diverging downward, with the price far from the averages, indicating strong bearish force. Volume: During the decline, trading volume is high; during rebounds, volume is insufficient, suggesting heavy selling pressure and weak buying support. Bollinger Bands: The price is near the lower band, with the band widening, indicating increased market volatility and potential for further short-term downside.
Support levels: First support at 2070-2100 (intraday lows, key area of recent battle between bulls and bears) Second support at 2000-2050 (strong support, psychological level + important weekly technical level)
Resistance levels: First resistance at 2200-2220 (bottom of previous consolidation zone, primary resistance during rebounds) Second resistance at 2250-2280 (critical turning point, a sustained move above this zone could reverse the trend)
Ethereum Operation Suggestions:
Bearish Strategy: Continue short positions if rebounding to 2130-2150, targeting 2100-2070-2040 dollars. If the price breaks below 2000, hold the short positions.
Risk Control Points: Strictly control position sizes, avoid heavy leverage; set reasonable stop-loss levels to prevent large losses in extreme market conditions; closely monitor Bitcoin trends and market news, beware of systemic risks.
Follow-up Focus:
Observe whether the 2070-dollar support holds; a break may accelerate the decline toward 2000 dollars. Watch the breakthrough of the 2200-dollar resistance; if stabilized, a phase rebound may occur.
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📣2/5 Ethereum Trend Analysis and Steady Operation Recommendations:
The four-hour chart shows a clear bearish trend for Ethereum, with the price around $2125, approximately a 6.5% decline over 24 hours, fluctuating between $2075 and $2296. Trading volume is low, and rebounds are weak, dominated by the bears.
The four-hour chart displays a standard descending flag pattern, with lower highs and lower lows, and a bearish alignment of moving averages. The price remains below the moving averages, with each rebound suppressed by the moving averages, indicating a typical weak structure. The RSI indicator enters the oversold zone but lacks effective volume confirmation, showing a continuation of the decline rather than a reversal signal. Bearish momentum is still being released. Moving average system: The four-hour MA5, MA10, MA20, and other moving averages are all diverging downward, with the price far from the averages, indicating strong bearish force. Volume: During the decline, trading volume is high; during rebounds, volume is insufficient, suggesting heavy selling pressure and weak buying support. Bollinger Bands: The price is near the lower band, with the band widening, indicating increased market volatility and potential for further short-term downside.
Support levels: First support at 2070-2100 (intraday lows, key area of recent battle between bulls and bears) Second support at 2000-2050 (strong support, psychological level + important weekly technical level)
Resistance levels: First resistance at 2200-2220 (bottom of previous consolidation zone, primary resistance during rebounds) Second resistance at 2250-2280 (critical turning point, a sustained move above this zone could reverse the trend)
Ethereum Operation Suggestions:
Bearish Strategy: Continue short positions if rebounding to 2130-2150, targeting 2100-2070-2040 dollars. If the price breaks below 2000, hold the short positions.
Risk Control Points: Strictly control position sizes, avoid heavy leverage; set reasonable stop-loss levels to prevent large losses in extreme market conditions; closely monitor Bitcoin trends and market news, beware of systemic risks.
Follow-up Focus:
Observe whether the 2070-dollar support holds; a break may accelerate the decline toward 2000 dollars. Watch the breakthrough of the 2200-dollar resistance; if stabilized, a phase rebound may occur.
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