#数字货币市场回调 ETH have you noticed this hourly fall?

I just finished looking at the market, and I have to say this round of跌 has come a bit fiercely. The bears are now in control, and two key positions must be closely monitored - a big move could happen at any time.

Let's talk about the current situation.
Resistance above: 2946.63, every time there is a rebound up to this level, it gets smashed down, the 30-day moving average is pressing down hard here.

Support below: 2805.55 is a critical line. If it truly falls below this, the next stop could be near the lower Bollinger band at around 2721.

The current price of the coin is hovering around 2840. Can it stabilize above the 2843(7-day EMA) in the short term? That's a question mark.

How to view the technical aspects
The moving average system has already formed a bearish arrangement. MA30 is suppressing at a high of 2946, and the price is being tightly held down by MA7. What does this indicate? The medium to long-term chips are all trapped above, and are we expecting a rebound? Difficult.

The MACD side is even less optimistic: the green bars are still lengthening, ( DIF has reached -46.47), and both the fast and slow lines are lying below the zero axis, with the bearish momentum not yet exhausted.

The Bollinger Bands are opening downwards, the middle band at 2911 has now become a resistance level, and the coin price is struggling near the lower band. If 2805 cannot hold, the space will be fully opened.

There is a detail worth noting: when the 30-day moving average and the middle Bollinger band simultaneously create pressure, it often indicates that this wave of fall is not over yet.

Market sentiment and on-chain data
Currently, there are no significant positive factors observed, and there are no obvious signs of new funds entering the market. On-chain data shows that large holders are not in a hurry to bottom out.

On the contrary, we should be wary of the fluctuations in the US stock market tonight. In case any regulatory news comes out, the leverage may be directly trampled.

How to operate more steadily?
Short-term players: Consider reducing positions in batches when rebounding to around 2940. If it falls below 2805 with increased volume, then stop-loss should be executed without hesitation.

Medium to long-term layout: still wait for the daily level to stabilize before discussing, right-side trading may earn a little less, but the safety factor is high.

Key monitoring time: After the US market opens tonight + 8 AM tomorrow to see how Asian funds move (.

) At this position, to be honest, it's quite a dilemma. The technicals are leaning bearish, but having fallen this much, will there be a rebound due to an oversell? Everyone should weigh it for themselves.