The current price is 3168, with prominent bearish characteristics on the 4-hour level. The price continues to be under pressure below the Bollinger Band middle line of 3210, currently up by only 0.21%, which is merely a weak recovery and has not exited the oscillation range. Although the MACD has slightly narrowed, it remains below the DEA, and the dead cross pattern has not reversed. In conjunction with the daily line dimension, the Bollinger Bands and KDJ are both opening downwards, indicating that bearish momentum has not diminished and the upward pressure is significant. Trading suggestion: Short around 3190-3220, target: 3100, 3050
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$ETH 11.16 evening ETH strategy analysis
The current price is 3168, with prominent bearish characteristics on the 4-hour level. The price continues to be under pressure below the Bollinger Band middle line of 3210, currently up by only 0.21%, which is merely a weak recovery and has not exited the oscillation range. Although the MACD has slightly narrowed, it remains below the DEA, and the dead cross pattern has not reversed. In conjunction with the daily line dimension, the Bollinger Bands and KDJ are both opening downwards, indicating that bearish momentum has not diminished and the upward pressure is significant.
Trading suggestion: Short around 3190-3220, target: 3100, 3050