💎 $ETH
– Short term: Weak rebound, focus on moving average support 🛡️
• 📍 Entry: 1,955 – 1,965 (pullback to 15min moving average cluster EMA25/99)
• 🛑 Stop loss: 1,925 (break below recent retracement low of 1,929.62)
• 🎯 Take profit: 1,987 (repair the day's selling pressure high) / 2,015 (retest the 24h high)
⚠️ Reason
• Short-term stabilization: 15min level has formed a "golden cross" (EMA7 crossing above EMA99), price stabilizes above three moving averages, indicating a slight recovery in short-term bullish sentiment.
• Technical repair: MACD continues to expand above the zero line, RSI remains in a strong zone around 64, indicating a short-term demand to test the psychological level of 2,000.
• Macroeconomic pressure: Affected by extreme market fear (index only 9 points) and some platforms' suspension of withdrawals, although ETH has strong support at the 1,900 level, it is still overall dragged down by BTC's weakness, representing a technical rebound in the "bottoming" process.
