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Crypto Scholar: ETH Moving Downward Entry Point Has Arrived, Afternoon Market Analysis Breakdown

Brothers, the Ethereum downward entry point we mentioned earlier at 2170 has arrived precisely! Around 2163 right now is the optimal trading window. How will the afternoon market move? The price rebounded to the 2199 previous high but encountered resistance and retreated. Currently oscillating around 2163, which is exactly at the upper track of the converging triangle plus the strong MA60 moving average pressure zone. Bull momentum is clearly weakening, with clear pullback signals. MACD continues to shrink, DIF and DEA are about to have a bearish crossover, bull sentiment is rapidly cooling, and bear power is accumulating. Currently, the macro-cycle bearish trend remains unchanged, this rebound is only a correction from oversold conditions and has not broken through the downtrend line since 2385. Shorting downward completely aligns with the major trend.

Afternoon Live Trading Strategy:
Short downward at 2170, stop loss at 2200, target 2120 to 2100

Long is not coming, for coin friends wanting to move upward if the volume breaks through 2199 and holds stable, mutual stepping at 2180 to 2190 then moving upward, before that focus on shorting downward, stop loss can be placed at 2160, target 2240

This afternoon focus on monitoring the 2160 support level. Once it breaks, bears will directly execute power, follow the trend, steadily capture the profits from this downward move $ETH ‌#加密市场回涨