#美国就业数据表现强劲超出预期 Ethereum's recent decline trend is still ongoing. From the hourly K-line chart, a clear pattern can be observed—almost every two days forms a complete cycle. During the daytime, the price mostly oscillates within a range, then often suddenly jumps over 100 points at night, followed immediately by a downward trend.
The main support level during the previous decline was around 2700. In the early morning hours, it broke below 2800, so today's downward pressure is significant. Currently, Ethereum is quoted near 2837. In the short term, an upward movement may still occur, but the strength might be limited. It is recommended to consider short positions during high rebounds rather than rushing to buy the dip.
Trading suggestion: Short in the 2900-2860 range, with the first target at 2700. If this level cannot hold, then look further down to the support at 2580. $ETH Recently, US Federal Reserve data has exceeded expectations, market sentiment is relatively weak, and both technical and fundamental analyses point to continued sideways and downward movement.
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just_vibin_onchain
· 7h ago
A two-day cycle? I’m familiar with this routine, it's that kind of chopping leek market rhythm.
Want to short again? Can we catch the bottom this time?
Strong Federal Reserve data is actually bearish, which is ridiculous.
Can 2700 hold? Feels risky.
A jump of over 100 points overnight, are they teasing us? Haha.
Shorting on a rebound at a high level? I think it's just a continuation of the rebound at a high level.
#美国就业数据表现强劲超出预期 Ethereum's recent decline trend is still ongoing. From the hourly K-line chart, a clear pattern can be observed—almost every two days forms a complete cycle. During the daytime, the price mostly oscillates within a range, then often suddenly jumps over 100 points at night, followed immediately by a downward trend.
The main support level during the previous decline was around 2700. In the early morning hours, it broke below 2800, so today's downward pressure is significant. Currently, Ethereum is quoted near 2837. In the short term, an upward movement may still occur, but the strength might be limited. It is recommended to consider short positions during high rebounds rather than rushing to buy the dip.
Trading suggestion: Short in the 2900-2860 range, with the first target at 2700. If this level cannot hold, then look further down to the support at 2580. $ETH Recently, US Federal Reserve data has exceeded expectations, market sentiment is relatively weak, and both technical and fundamental analyses point to continued sideways and downward movement.