ETH's afternoon session dips to a low of 2112, what are the rebound opportunities in the discount zone?

During the afternoon session, the current quote for ETH/USDT is 2113.39, with a 24h decline of -2.61% (-56.59 USDT), a high of 2199.02, a low of 2112.17, and a trading volume of nearly 600 million USDT. The 4H trend is clearly downward, with the latest 4H candlestick opening at 2153.22, high at 2154.58, low at 2112.17, and closing at 2113.1, with recent fluctuations of 71.33 points.

Market overview: The candlesticks continue to decline, with prices below the moving averages, and the green and red moving averages showing significant pressure, indicating a downward trend. Chart signals show that bearish OB is dominant, but there are also bullish OB markers, suggesting potential reversal possibilities. The trading volume alternates between red and green, with fluctuations in volume, and the afternoon volume has not increased, showing a stalemate in the long and short battle. The information panel marks premium zone, equilibrium zone, and discount zone, with the current price approaching the boundary of the discount zone, under short-term pressure but possibly supported.

Technical analysis: The moving average system is in a bearish arrangement, with prices operating below the green moving average, ATR at 10.8

#tradingview #麒麟指标 #合约 #ETH #BTC showing convergence of volatility, WT -74 entering the oversold range, and no clear signals from DSI. Key support and resistance levels: the lower edge of the discount zone near 2112.17 serves as strong intraday support, while the upper edge of the equilibrium zone at 2153 serves as rebound resistance, with the high point of the premium zone at 2199.02 being distant. Intraday trend evolution requires attention to volume; if volume declines while prices fall, the risk of acceleration increases, while a volume increase in rebounds may provide opportunities for recovery.

Operational thoughts: The downward trend is dominant, with priority on risk management and strict stop-loss settings. Intraday short positions can observe stabilization at the support level of 2112-2113 + volume signal, taking light positions to try going long, targeting the equilibrium zone at 2153, with stop-loss set below 2105. If the bearish trend continues, pursue shorts to the central point of the discount zone, but be cautious of potential reversal signals from OB. Focus on volume changes during the afternoon session, avoiding chasing rallies or panic selling, and reduce high positions to 30% of total holdings. Overall, the bias is bearish, and patience is required to wait for a clear direction.

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