ETH early session under pressure, does the premium zone signal continue to be bearish?

In the early session, the current ETH/USDT price is 2163.2, with a slight decline of 0.04% (-0.86 USDT) in 24 hours. The overnight high reached 2199.02, the low was 2147.0, and the trading volume reached 581 million USDT. The latest 4H candlestick opened at 2169.02, with a high of 2172.19, a low of 2162.3, and closed at 2163.2, forming a small bearish candle. The overall 4H trend is downwards, with recent fluctuations of 30.92 points.

Market overview: Overnight ETH was blocked and fell back near the premium zone high of 2199, continuing the weak oscillation in the early session. The candlestick trend clearly points downwards, with prices alternating above and below the moving average system. The green and red moving averages are intertwined, showing a tug-of-war between bulls and bears, but bears are dominant. Chart signals are marked with 'bearish OB' and 'bullish OB', with the current bearish signal being more prominent, indicating increased supply pressure.

Technical analysis: Trading volume shows an alternating pattern of increasing and decreasing, with red volume bars accompanying the decline and green showing weak rebounds. The information panel clearly delineates the premium zone, equilibrium zone, and discount zone, with the price currently hovering near the lower edge of the premium zone, facing obvious pressure. In the indicator panel, ATR reflects moderate volatility, WT and DSI show signs of being oversold but have not reversed,

#tradingview #麒麟指标 #合约 #ETH #BTC EMA bullish arrangement loosens, supporting a bearish view.

Key price levels: Resistance above at 2172 (4H high) and 2199 (24H high), if broken, need volume confirmation; support below at 2162 (4H low) near the discount zone of 2147, if lost, will accelerate the downward trend. The equilibrium zone may become a short-term watershed.

Operational strategy: The primary trend is downwards on the 4H chart, with a short-term bearish bias. It is recommended to lightly short near 2165, with a stop loss at 2173 (above the high), targeting 2150-2147 in the discount zone, with a risk-reward ratio above 1:2. Risk management is a priority, with light positions not exceeding 2%, paying attention to volume changes before the US session. If there is a low-volume rebound to the equilibrium zone, a small position can be tried for a long but with strict stop loss. It is advisable to remain cautious in the early session to avoid chasing highs and cutting losses.