#以太坊行情解读 Ethereum技术面观察$ETH

Last night, ETH was once again blocked at the resistance level of 3070. To be honest, this position has been challenged several times repeatedly, and each time it failed to break through, this time is no exception. As it fell back down, the trading volume began to shrink, while the selling pressure was increasing - this signal is not very good.

From the perspective of the oscillation structure, the market has built a clear box between 2970 and 3070. Last night, it directly broke below this structure, and today it has retraced to around 2970. What does this indicate? This period of oscillation may really be coming to an end. The bearish trend is worth continuing to monitor.

Looking down at the support, in the short term, 2880 might hold for a while, but don't expect it to stop much. Further down, around 2810, is a more substantial support level. If 2880 is broken, the probability of the market directly rushing towards 2810 becomes quite high. By the way, these positions were repeatedly tested last week, so don't have too high expectations for this support.

In terms of operational advice, it is still recommended to focus on short positions at high levels. Consider shorting at the two levels of 2960 and 3000 above, while keeping a close eye on the 2880 and 2820-2800 areas below. If the market does indeed reach the bottom area, I personally suggest not to rush into buying the dip. Bulls have indeed had little presence these past few days, and recklessly catching the falling knife may lead to deeper losses.

Let's see if we can verify this idea tonight, we will wait and see.