Follow up on today's trend analysis of $ETH :
The daily line closed with a long lower shadow bearish candlestick, indicating that buying support has started below, but whether this support can hold steady still depends on future performance.
The daily MACD has confirmed a death cross, with DIF and DEA values at -1.2 and 10.5 respectively, and the histogram has turned negative, indicating that the bearish momentum at the daily level has not yet been fully released.
The daily RSI is around 44, close to the edge of the oversold zone, while the RSI on the 4-hour chart is around 30, which is a relatively low level.
ETF has seen a net outflow for seven consecutive days: a total of $392 million has flowed out over the past seven days, and institutions have a cautious short-term attitude.
Upper pressure: 2080-2120
Lower support: 1950-1900
Look for opportunities to short, this is a messy market.
