Take a look at ETH's recent trend. It failed to hold above the MA30 on the daily chart and instead pulled back after reaching a high, forming two consecutive Bearish lines, with momentum clearly declining. However, there is support at the previous low of 2800 below, so a significant pullback is unlikely in the short term.
In simple terms, it is making adjustments. If 2800 holds above, there is a high probability that it will repeatedly test the previous high position of 3050 again. It is a rhythm of fluctuations, with no clear directional signals. Keep a close watch on these two price levels, as they will determine the next direction.
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IronHeadMiner
· 14h ago
What to do after breaking 2800? Still depends on whether it can rebound and stay above the MA30 later.
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RektRecorder
· 12-24 19:31
Can 2800 really hold? It feels like this recent oscillation rhythm is going to wear us out.
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HallucinationGrower
· 12-24 05:54
If 2800 can hold, there's still hope; otherwise, you'll have to wait for the next position.
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AirdropAnxiety
· 12-24 05:53
Once I break 2800, I'll cut my losses. Anyway, after all this trouble, I haven't made any money.
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LayoffMiner
· 12-24 05:52
As long as 2800 doesn't break, I won't panic. It's normal to repeatedly test 3050. This kind of tug-of-war is the most annoying.
Take a look at ETH's recent trend. It failed to hold above the MA30 on the daily chart and instead pulled back after reaching a high, forming two consecutive Bearish lines, with momentum clearly declining. However, there is support at the previous low of 2800 below, so a significant pullback is unlikely in the short term.
In simple terms, it is making adjustments. If 2800 holds above, there is a high probability that it will repeatedly test the previous high position of 3050 again. It is a rhythm of fluctuations, with no clear directional signals. Keep a close watch on these two price levels, as they will determine the next direction.