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【$ETH】Short, 4H Moving Average Resistance/Continuous Capital Outflow
$ETH On the 4-hour level, MACD has formed a death cross and continues to run below the zero axis, with bearish momentum not yet exhausted. Price rebounds to around EMA20 (2183) but faces resistance and pulls back. This moving average has become a clear resistance level. Order book data shows that the sell-1 level (2143.01) has 143.5 ETH in pending orders, significantly higher than the buy-1 level, with heavy selling pressure. Combined with negative funding rates, market bearish sentiment continues to accumulate, and weak rebounds are the most likely scenario.
🎯Direction: Short🛑Stop Loss: 2185⚡Entry: 2148 - 2155🚀Target: 2080🛡️Strategy: Take profits in batches, strictly prevent drawdowns.
View Real-time Chart 👇 $ETH
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