🚨 ETH 3500 is in dire straits? The 4-hour MACD dead cross is imminent, and don't be a "bag holder"!
From the perspective of the theory of twists, Ethereum showed a clear top divergence signal at the 1-hour level when it surged yesterday, which directly triggered the current 4-hour level downward segment adjustment. At present, there isn't even a decent 30-minute bottom formation, and the entire 30-minute level's downward structure is far from complete. Until we see a 30-minute level central shock and a clear second buy signal, entering the market now to catch the bottom is purely foolish; don't rush to give money to the main force.
Combining technical indicators, the 4-hour MACD fast and slow lines are about to form a dead cross after sticking at a high position, and bearish momentum is gradually increasing. From the candlestick pattern perspective, if ETH effectively breaks below the important neckline support level of 3500, it is highly likely to test the chip accumulation area near 3200-3300. The current market is volatile, and the main force's washout tactics are fierce; forcing long positions at this level has an extremely unbalanced risk-reward ratio.
💡 Operation suggestion:
For us retail investors, facing the recent monkey market situation with up-and-down pin bars and V-shaped fluctuations, the best strategy is to keep our hands steady. Don't take big risks just to catch a short-term rebound. Enduring loneliness allows us to secure prosperity; once this bearish energy is fully released and the bottom structure is completed, we can calmly enter the market for a 20%+ medium-term profit. By then, targets of 4000 and 4200 won't be appealing? Now is the time to test patience; let the bullets fly a little longer.
