$ETH Cryptocurrency Scholar: 3.23 Ethereum On-Chain Fund Flow Analysis - The Game Between Whale Exodus and Retail Bottom-Fishing! Latest Market Analysis

Ethereum current price 2063. For the past few days of Ethereum market action, it's been profitable for us, but a lesson for those buying the dip. From the reminder not to buy above 2200 directly south, to now continuing to drop near 2065, brothers who followed the pace made money, those who didn't listen are still being washed out repeatedly. Trading is never about betting big or small; it's about controlling risk first, then talking about profits. I hope you remember this lesson! Currently, the continued drop near 2065 is merely trend continuation. The chart clearly shows: bearish momentum is still releasing, the weak downtrend pattern remains unchanged, any bounce is a bull trap, do not blindly buy the dip!

Daily bearish trend continues. Since the high of 2385 closed in heavy volume as a bearish candle, it's now continuing to drop near 2065. A bearish cloud cover formed at the high. Currently this is a trend continuation after breaking support. Price broke below the Bollinger Band midline at 2093. MACD red columns flipped green with continuous volume expansion. RSI pulled back from highs to below 50, indicating bull momentum completely depleted with bears dominating the market. The 2280-2385 range shifted from support to strong resistance. Lower strong support at 2050-2060, upper resistance at 2100-2120.

Four-hour EMA bearish alignment. Clear weakness continues since topping at 2385, currently running near 2065. EMA shows bearish alignment, with price firmly suppressed below midline 2123. Any bounce is a bull trap, absolutely not a reversal signal. MACD green columns continue expanding. RSI dropped to around 45, indicating short-term bear momentum still releasing with clear weak downtrend pattern. Upper resistance 2120 at Bollinger midline, lower support 2050. After breaking recent lows, will further probe the 2000 level.

Short-term reference: (Real trading data updated, consult the author for details)

Lower 2050-2060 moving north, stop loss 2030, target 2100-2120 bounce to resistance for exit, do not hold stubbornly.

Upper 2120-2100 moving south, stop loss 2140, target 2060-2050. If 2050 breaks, continue south to 2020-2000.

Base specific operations on real-time market data. For more information, consult the author. Articles have publishing delays, suggested for reference only. Risk disclaimer. ‌#加密行情震荡