EthereumShort
ETH, the rebound is blocked.
The following are machine translations:
In the 4-hour chart, after falling below the 1700 support, it fell all the way, and then stopped falling and rebounded near 1000. Today, it was blocked and fell near the former resistance of 1260. Pay attention to the risk of stepping back.
The energy column of the indicator macd is still above the zero axis, and it has not turned weak yet, and is still rebounding. The RSI indicator is more sensitive, and there has been a downward trend in the bearish range, which is bearish.
Summary: The pattern is blocked and falls, and there is a high probability that it will step back to around 1000. Pay attention to the risk of stepping back, and the rebound of the downtrend may end.
In the 4-hour chart, after falling below the 1700 support, it fell all the way, and then stopped falling and rebounded near 1000. Today, it was blocked and fell near the former resistance of 1260. Pay attention to the risk of stepping back.
The energy column of the indicator macd is still above the zero axis, and it has not turned weak yet, and is still rebounding. The RSI indicator is more sensitive, and there has been a downward trend in the bearish range, which is bearish.
Summary: The pattern is blocked and falls, and there is a high probability that it will step back to around 1000. Pay attention to the risk of stepping back, and the rebound of the downtrend may end.
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