【ETH Technical Analysis | Bearish Trend Strong, Extreme Oversold Conditions Brewing for Rebound】

#欧美关税风波冲击市场
Market Review and Qualitative Analysis
ETH shows a weak consolidation pattern after accelerated decline on the 4-hour chart. The price has fallen significantly below all short- and medium-term moving averages, indicating a very clear bearish trend. Currently, the RSI has entered the severely oversold zone, suggesting a strong technical rebound demand in the short term. However, until the overall trend changes, any rebound should be first viewed as a bearish correction or a chance to reduce positions.

Multi-Dimensional Technical Indicator Interpretation

1. Moving Average System: MA5 to MA120 all display a perfect bearish alignment, forming layered resistance from top to bottom. The current price is below MA5 (3033.75), which becomes the first immediate resistance for a rebound. Key resistance areas are around $3080 (near MA10) and $3120 (near MA20).
2. Key Price Levels:
· Support below: $3000 is the most important psychological and technical threshold. If broken, the market may quickly test previous lows around $2940-2950.
· Resistance above: Initial resistance during a rebound is around $3035-3050 (near MA5 and intraday high), with strong resistance in the dense MA zone between $3080-3120.
3. Momentum Indicators: The MACD lines are deeply below the zero axis, with the green bars slightly shortening, indicating that bearish momentum, while still dominant, is slightly weakening. The RSI has fallen to an extreme oversold level of 13.72, which is a recent extreme, often signaling that the downward momentum has been overextended in the short term, and a rebound is imminent. However, a trend reversal requires confirmation from price action.

Risk Warning
The above analysis is solely based on personal views of the current chart. Market volatility is intense, and strategies may quickly become invalid. Please ensure proper position management, set stop-losses, and be responsible for your own gains and losses.

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