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Thursday Morning ETH Trading Strategy
ETH breaks below the key support level of 2180. The bearish trend is established, and the bullish move faces pressure.
Since a rapid drop from 2269, the 15-minute level has seen a one-way decline of over 100 points. Short-term support levels have been broken one after another, and bearish momentum continues to release.
Moving averages are arranged bearishly. The coin price is moving downward along the short-term moving average. MACD forms a death cross and diverges below the zero line, making the short-term downtrend clear.
Trading Recommendations
Place short positions for ETH on rebounds in the 2180-2200 range, targeting the 2150-2100 range.
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