On September 26th, Ethereum broke 4000, and panic once again spread. How to spread the orange?
Ethereum successfully broke through the 4000 integer barrier without giving the market any breathing space, but instead headed south! Under weekly pressure, MACD’s kinetic energy is decreasing, and the anti Tan is weak!
Pay attention to the resistance range of 4050-4100 above. As long as you cannot effectively stabilize at 4150, the trend is still bearish. Below, break through to 3870! From the current perspective, yesterday’s significant sell-off affected the release mode of Huangtou, causing a drop of nearly 4000 points in the early morning market. The underlying support has gradually fallen below, and the rebound strength has significantly weakened. Huangtou continues to increase its volume, which proves that the short-term trend is difficult to reverse. From the 4-hour chart, the opening of the Bollinger Bands extends downwards, MACD shows a red bar, KDJ has formed a dead cross, and the lower channel has opened, all of which prove the strong bearish momentum in recent times.
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