Crypto Academy: ETH Downward Entry Point Has Arrived, Afternoon Market Analysis

Brothers, the ETH southward entry point we mentioned earlier at 2170 has arrived precisely! Right now around 2163 is the optimal trading window. How will the afternoon market move? The price rebounded to the 2199 previous high but encountered resistance and pulled back. Currently oscillating around 2163, which is exactly at the upper track of the converging triangle plus the MA60 moving average pressure zone. Bullish momentum is clearly weakening, and the pullback signal is clear. MACD continues to shrink in volume, DIF and DEA are about to form a death cross, bullish sentiment is cooling rapidly, and bearish forces are accumulating. Currently, in terms of chart structure, the large timeframe bearish trend remains unchanged. This rebound is only a correction from oversold conditions and has not broken through the downtrend line since 2385. Going south for shorting completely aligns with the major trend.

Afternoon Strategy:
Short entry at 2170, stop loss at 2200, target 2120 to 2100

Long positions won't wait, for coin friends wanting to go north, if the chart breaks through 2199 with volume and stabilizes, stepping at 2180 to 2190 then going north. Before that, focus on going south, stop loss can be placed at 2160, target 2240

Afternoon key focus on the 2160 support level. Once it breaks, bears will make a direct move. Follow the trend and steadily capture this wave of southbound profits$ETH ‌#加密市场回涨