Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 3311. Liying observes that the current market clearly shows a downward trend with a bearish arrangement, and the candlestick pattern has formed a bearish engulfing pattern, further confirming the risk that the market may continue to decline. The key support level of 3055 is seen as a potential downward target. Although the technical signals are relatively consistent, market sentiment and volatility analysis indicate a neutral sentiment.

The daily line continues to decline, forming multiple bearish candles, and market volatility is increasing. The 2-hour chart shows fluctuations around 3300, with multiple attempts to break through but failing to stabilize, indicating short-term signs of a pullback. The MACD on the 2-hour chart shows a dominant bearish strength, and the EMA moving averages are in a bearish arrangement with prices below all moving averages, indicating a bearish trend. Therefore, Liying suggests holding onto short positions at high levels, and for those who have not entered the market, wait for a pullback and look for clear resistance to open short positions, while being cautious about opening long positions.

Short-term reference points:

Short position entry at 3350, stop loss at 3400, stop loss 50 points, target 3250.

Long position entry at 3200, stop loss at 3150, stop loss 50 points, target 3350.

The above content is exclusively original by Liying, please indicate the source when reprinting! There may be delays in article publication review, and market conditions change rapidly; the above suggestions are for reference only and risks are borne by the reader. We hope Liying's insights will be helpful to you!

The content of the article is time-sensitive and for reference only; risks are borne by the reader.

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