1. Pattern Confirmation: - Daily chart forms a "Double Top" reversal pattern (neckline at 2942), with a measured decline pointing to 2710 2. Trend Structure: - Weekly chart breaks below the upward trendline, price crosses below MA(50) at 2960 - RSI(14)=42, MACD green bars expanding indicating bearish dominance 3. Market Sentiment: - Signal of "volume increase with stagnation" around 3020 - Closed below 2942 for 3 consecutive days (historical resistance + Fibonacci 38.2% retracement level) 4. Indicator Verification: - OBV hits a new low in 2024, continuous outflow of funds - Futures open interest decreased by 35%, whale holdings dropped by 48%
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$ETH AI Analysis: $ETH/USDT
Entry Price: Around 2945-1980
Target Price:
- TP1: 2780
- TP2: 2710
Stop Loss: Above 3020
Reasons for Short Position:
1. Pattern Confirmation:
- Daily chart forms a "Double Top" reversal pattern (neckline at 2942), with a measured decline pointing to 2710
2. Trend Structure:
- Weekly chart breaks below the upward trendline, price crosses below MA(50) at 2960
- RSI(14)=42, MACD green bars expanding indicating bearish dominance
3. Market Sentiment:
- Signal of "volume increase with stagnation" around 3020
- Closed below 2942 for 3 consecutive days (historical resistance + Fibonacci 38.2% retracement level)
4. Indicator Verification:
- OBV hits a new low in 2024, continuous outflow of funds
- Futures open interest decreased by 35%, whale holdings dropped by 48%
This content is for reference only and not investment advice.