ETH evening session K-line turns bullish, after a -2.12% drop throughout the day, is a rebound expected tomorrow?

In the evening session, the current quote for ETH/USDT is 2140.56 USDT, with a 24h fluctuation of -2.12% and a drop of 46.24 USDT. The intraday high reached 2192.44, and the low dipped to 2117.77, with a transaction volume of up to 787,747,424 USDT, indicating a relatively active market. The latest 4H K-line opened at 2165.89, with a high of 2170.52, a low of 2130.46, and closed at 2140.55, showing signs of a slight rebound.

From a technical perspective, the overall trend at the 4H level remains in a descending channel, but the recent K-line movement has turned upward, indicating a short-term buying power recovery. The volume bars are interspersed with red and green, accompanied by both expansion and contraction phenomena, indicating intense competition between bulls and bears, yet no clear dominance. The chart uses the Longmen Inn Qilin System V6.0, without moving averages, cloud layers, or signal markers, and there are no indicators in the lower sub-chart, making the market relatively clean, warranting caution against sudden fluctuations.

Regarding key price levels, short-term support is locked in at 2130.46 (4H low) and near the intraday low of 2117.77; a breach could accelerate the drop to the 2100 mark. The upper pressure level is at 2170.52 (4H high) and the intraday high of 2192.44; if effectively broken, a rebound may be possible.

#tradingview #麒麟指标 #合约 #ETH #BTC The overall fluctuation range is 46.32, with recent volatility being moderate; the evening session has rebounded from the low, showing a temporary pause in bearish strength.

In terms of trading strategy, as an experienced trader, I always emphasize risk management. In the context of a bearish market, the evening K-line turning bullish can be seen as a short-term correction signal, but it is unwise to blindly chase longs. It is recommended to trial with light positions: if it stabilizes above 2170, a short-term long can be initiated with a target of 2192 and a stop loss below 2130; if it falls back to 2130, then observe or short, targeting 2117, with a strict take profit and stop loss ratio of 1:2. Looking ahead to the next day's market, the probability of a downward fluctuation is large, but if US stocks or BTC stabilize, ETH's rebound space may open up, pay attention to changes in opening volume. In actual trading, control positions within 5% of total capital, and avoid heavy positions.

This article only represents personal opinions and does not constitute any investment advice. DYOR.