#ETH 🔴 Bearish strategy and basis

Technical signals: Analysts have pointed out that the Ethereum 1-hour chart shows a downward pressure on the upper band, with key indicators like KDJ and RSI showing signs of divergence downward, and MACD may also form a death cross -2. Looking at the daily chart, if it cannot stabilize above the key moving averages, a pullback may occur -2.
Market observation: There are views suggesting that prices are fluctuating repeatedly between key resistance and support levels, with moving averages entangled and upward momentum weakening, indicating short-term downward pressure of -3-5.
🟢 Bullish Strategy and Basis
Oversold rebound: Some analysts mentioned that despite the weak technicals, the J value in the KDJ indicator has entered a severely oversold range, and trading volume has shrunk, which indicates that the short-term downward momentum may weaken, presenting an opportunity for a technical rebound.
Breaking expectations: Another perspective is more optimistic, believing that the activity in the Ethereum ecosystem has reached a new high. If the price can pull back and hold the support range of 3800-3830, it is expected to test the target levels of 4200-4300 upwards.

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