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$ETH
The price is at 1,980.76 USD, down 2.13% in 24 hours. ETH is in a short-term downtrend, completely below the MA lines (MA5: 1.987 → MA120: 2.085). The price has broken many supports, creating a temporary bottom at 1,965.
Positive points:
• The price touches the strong support area of 1,965-1,980 and there is a green candle popping up.
• A slight increase in volume at the bottom shows that the buying force is starting to appear.
• RSI (not shown but often oversold at this sharp decline).
Buying strategy:
Buy now in the area of 1.975 - 1.985 (current).
Stop Loss: 1,955 (below low 24h).
Take profit:
• TP1: 2,020 (MA10)
• TP2: 2,050
• TP3: 2,096 (high 24 hours)
Risk: If losing 1,965, the downtrend will continue to 1,930-1,900.
Conclusion: The short-term buy signal is positive if the support of 1,965 is maintained. Should buy gradually, high risk, tight capital management. Only trade when the general market is stable.
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