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Jinchuan Morning Ether Strategy $ETH
The short-term downtrend is clear, and the technical indicators are broadly bearish. It is recommended to adopt a short-selling strategy on rallies. The key resistance level is around 3330.
The MACD histogram's fast line and slow line are both deeply positioned below the zero axis. This is one of the strongest bearish signals. The dual lines running below the zero axis confirm a bearish trend, and the negative histogram indicates that the downward momentum is very strong and persistent.
Suggestion: Short in the 3210-3240 range, target: 3140