Early morning sudden review: The 3000 level is still tense, waiting quietly for dawn's danger



At 3:35 AM Beijing time, the price of Ethereum is hovering around the 3000 level. The main force took advantage of the Federal Reserve's interest rate decision to "maintain interest rates unchanged," playing out a scene of "good news is all bad news." After rising to 3050, it quickly retreated and is now stuck around the 3000 mark in a stalemate.

From the daily chart, this rebound starting from 2800 seems to have exhausted its last ammunition. Clear resistance levels are visible: EMA30 is pressing down at 3065, and the Fibonacci 0.618 strong resistance is at 3120. As long as the price cannot stabilize above the 3100 psychological level, the so-called "rebound" is merely a continuation of the decline. Technical indicators are merciless; the daily MACD continues to shrink below the zero line, with a death cross opening downward, confirming a strong bearish trend.

On the four-hour chart, although currently consolidating around the EMA60, MACD shows obvious bearish divergence—price makes a new high while the indicator's high point moves lower. This indicates that bullish momentum is weakening. Once the price breaks below the 3000 support, it is highly likely to trigger a new round of accelerated decline southward.

Trading suggestions:
The current consolidation is the calm before the storm. Do not be fooled by the temporary peace; the overall pattern remains bearish. Aggressive traders can attempt to short in batches around 3050-3060, with stops above 3120; conservative traders should wait patiently for the price to rebound to the moving average resistance before entering. Since the overall trend is downward, holding now is just for the harvest before dawn. Remember to control your hands and set stop-losses. #eth $ETH
ETH-0,4%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)