ETH oversold, rebound signal triggered?

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1. Market Cycle Assessment
-1D Chart: In Bear Spike & Channel ( Bear spike and channel ). The large red candle in early February (Spike) established a bearish trend, followed by a steep downward channel. The current price is far from the EMA 20, indicating an Oversold ( oversold ) condition.
-4H Chart: In a Trading Range ( trading range ) evolving phase. After yesterday’s Selling Climax ( selling climax ), a Double Bottom ( double bottom ) pattern has emerged at the 4H level, with bearish momentum temporarily weakening around $1,930.
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2. Key Level Analysis
-$2,100 ( 1D EMA 20 resistance level )
- $1,980 ( Last Lower High at 4H level )
- $1,900 - $1,930 ( psychological support and recent stop-loss level )
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🎯 First target: $2,050
🎯 Second target: $2,100 ( 1D EMA 20 )
⚠️ Reminder: Currently still operating against the trend, strictly execute a stop-loss at $1,910.
‍#ETH #当前行情抄底还是观望？