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$ETH Cryptocurrency Academy: 3.22 Ethereum - If it rebounds, it's a bull trap! Daily-level top signal and mid-term correction logic breakdown! Latest market analysis and trading ideas
Ethereum trading at 2150. Facts prove that following the trend is always more reliable than gambling on rebounds. Some are still asking if they can bottom fish? Simple answer: the large cycle bearish trend hasn't changed, any rebound is a shorting window, don't fight the trend! Yet some insist on holding positions and bottom fishing! Now they're losing and asking what to do? Where were you before? The crypto market doesn't believe in regret pills, only execution and awareness matter!
Daily weak oscillation continues. After the volume increase and bearish close from the 2385 high, currently oscillating weakly around 2150. Daily K-line forms dark cloud cover at high, breaking through the 2280 key support. Current action is technical correction after oversold conditions, not trend reversal. Price trading above the Bollinger Band midline 2095, MACD red columns turning green, DIF turning down, RSI falling from highs to around 52, indicating significantly weakened bullish momentum with bears still controlling the market.
Four-hour weak rebound is bull trap territory, bears not exhausted. After sharp decline, bottomed at 2098, currently oscillating around 2150. EMA moving averages in bearish alignment, price firmly compressed below midline 2156. Any rebound is a bull trap. MACD green columns narrowing, approaching zero axis. RSI rebounding to around 42, indicating short-term bearish momentum slightly weakened, but bulls haven't formed effective offensive. Bulls and bears in brief balance, intraday likely to maintain oscillation.
Short-term reference: (live trading data updated, consult author for details)
Lower levels 2120 to 2100 north bound, stop loss 2080, targets 2160 to 2180 rebound to resistance and exit without chasing
Upper levels 2180 to 2200 south bound, stop loss 2220, targets 2150 to 2120 break below 2120 continue south to 2100 to 2080
Specific operations subject to real-time order book data. For more information consult author. Article has publication delay, suggestions for reference only, risks self-assumed.#加密行情震荡