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From the data, ETH/USDT is in the "repair window after the sharp drop", the long and short are still wrestling, and the short-term direction is unclear. The key information is broken down into four sentences below to help you grasp the key points at a glance: ![]() 1. Price range The highest price in 24 hours was 3 528 USDT → the lowest price was 3 104 USDT, with an amplitude of 13.6%. The current price of 3 209 USDT almost closed at the lowest point of the day, indicating that the bulls have not yet organized an effective counterattack after yesterday’s smash. 2. Moving average arrangement EMA7/25/200 all fell, and the current price is less than EMA99 (3844) by more than 16%, a typical "short position"”; The only one still below is EMA365 (3300), which is only about 3% away. Once it breaks down, medium and long-term stop loss orders will be triggered, and it may quickly slide to the 2900-2800 area. 3. Energy signal 1.06 million ETH were traded in 24 hours, which is equivalent to 3.49 billion USDT. The volume dropped sharply = high-level panic and meat-cutting plates poured out.; If it cannot quickly shrink back below 700,000 coins in the next 1-2 days and regain 3,300, there is a high probability that the short momentum will continue. 4. Short-term script - Rebound script: stand firm at 3,300 and have two consecutive positive lines in 4 hours. The volume can shrink to 700,000 coins. You can look at 3,450-3,500 (near EMA25), but it is an "escape" rebound, not a reversal. - Continued decline script: If it falls below 3200 again and the volume increases, the EMA365 support is only 90 US dollars. After breakdown, the next intensive area will be 2900-2950 (last August platform), with a decline of about 8-10%. Operationally - Spot: Don’t rush to buy the bottom, wait for the 4-hour level to show “shrinkage + long lower shadow” or the daily closing to stand above 3300 again before considering buying low in batches. - Contract: If the price rebounds to around 3,450, you can take a short position and test the short position, with a stop loss of 3,520 (previous high).; If it falls below 3,200, go short, stop loss 3,260, and target 2,950. - Leverage: The current fluctuation is 13%+, and high leverage can easily liquidate positions. It is recommended to wait and see if it is ≤3 times. To sum up in one sentence: ETH has just experienced heavy volume and a long negative period, and the moving average has completely turned negative. In the short term, there is only a "weak rebound" but no "reversal". Let's first pay attention to whether 3300 can be recovered, and then decide whether to reach out. ![]() |