February 28 Monthly Closing: Ethereum Trend Analysis and Steady Trading Strategy Sharing:
Based on the four-hour Ethereum price trend analysis, both the daily and four-hour charts show that recently the market has been in a strong downtrend, with consecutive large bearish candles engulfing previous gains. The daily candles on February 27 and 28, as well as the 12:00 four-hour candle on February 28, all show high-volume large bearish candles, indicating heavy selling pressure. The latest four-hour candle has a long lower shadow, closing above the lowest price, but with decreasing volume, which may suggest a short-term easing of the downward momentum, though the overall trend remains bearish.
MACD; DIF and DEA are both below the zero line, and the MACD histogram is negative and continues to expand, indicating strong and increasing bearish momentum. The RSI14 is at 35, approaching the oversold area (30), but not yet entering it. This suggests the market is in a weak state, but a technical rebound may occur in the short term, or prices could further decline into the oversold zone. The EMA prices are well below EMA7 (1918), EMA30 (1954), and EMA120 (2042), with all three moving averages aligned in a bearish configuration and sloping downward, forming a strong dynamic resistance and confirming the downtrend.
Key Support and Resistance:
Support levels: (from near to far) 1850–1860 (strong support zone), 1800 (psychological level, medium-term key)
Resistance levels: (from near to far) 1930–1940 (intraday first resistance, must test on rebound), 1980–2000 (psychological + technical pressure zone)
February 28 Steady Trading Strategy:
It is recommended to short Ethereum near 1860-1880, with target levels: 1840-1810-1780!
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February 28 Monthly Closing: Ethereum Trend Analysis and Steady Trading Strategy Sharing:
Based on the four-hour Ethereum price trend analysis, both the daily and four-hour charts show that recently the market has been in a strong downtrend, with consecutive large bearish candles engulfing previous gains. The daily candles on February 27 and 28, as well as the 12:00 four-hour candle on February 28, all show high-volume large bearish candles, indicating heavy selling pressure. The latest four-hour candle has a long lower shadow, closing above the lowest price, but with decreasing volume, which may suggest a short-term easing of the downward momentum, though the overall trend remains bearish.
MACD; DIF and DEA are both below the zero line, and the MACD histogram is negative and continues to expand, indicating strong and increasing bearish momentum. The RSI14 is at 35, approaching the oversold area (30), but not yet entering it. This suggests the market is in a weak state, but a technical rebound may occur in the short term, or prices could further decline into the oversold zone. The EMA prices are well below EMA7 (1918), EMA30 (1954), and EMA120 (2042), with all three moving averages aligned in a bearish configuration and sloping downward, forming a strong dynamic resistance and confirming the downtrend.
Key Support and Resistance:
Support levels: (from near to far) 1850–1860 (strong support zone), 1800 (psychological level, medium-term key)
Resistance levels: (from near to far) 1930–1940 (intraday first resistance, must test on rebound), 1980–2000 (psychological + technical pressure zone)
February 28 Steady Trading Strategy:
It is recommended to short Ethereum near 1860-1880, with target levels: 1840-1810-1780!
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