Ethereum today fell to a daily low of around 3165, approaching the lower band of the Bollinger Bands. From a technical indicator perspective, the MACD remains in a deep negative zone, but there is a noteworthy detail — the difference between DIF and DEA is beginning to show signs of convergence. If the price does not continue to make new lows subsequently, a bullish divergence is likely to form, which is often a signal that the bulls are preparing to exert strength.
In terms of trading strategy, it is recommended to watch the 3170-3120 retracement zone as a potential entry point. Once this support is established, the next resistance levels are at 3250-3330. Of course, the actual market rhythm will depend on real market performance, and it is not advisable to rely solely on a single indicator for judgment.
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SundayDegen
· 21h ago
The classic bullish divergence has been heard too many times; let's wait until we stabilize above 3170 before making any moves.
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Honestly, I no longer trust this kind of technical analysis; it all depends on how Bitcoin moves.
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Be cautious around 3120 when buying in; it feels like it could drop further.
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MACD convergence? To me, it still looks like a bunch of trash. Are the bulls really ready?
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Another Bollinger Band and bullish divergence; if the market is really that easy to predict, no one would be losing money.
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The resistance at 3250 feels a bit weak; if it can't break through, it might oscillate for a long time.
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Monitoring 3170-3120, but I think this time is different; we need to be cautious.
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Every time they say there won't be a new low, it ends up breaking, so I'm done.
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Bullish divergence signal +1, but don't go all-in, everyone.
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No matter how perfect the technicals are, market sentiment is crucial; this is very important.
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LightningClicker
· 21h ago
The bottom divergence theory has been heard many times, and every time it's "The wolf is coming"...
3120-3170 bottom fishing? I think it's difficult, there are too many ways to smash the market.
Don't just focus on MACD; the market doesn't follow textbooks at all.
Again 3250? I bet five cents that it will finally get stuck at 3200.
DIF convergence means it can take off? Wake up, big players haven't moved yet.
Support levels, once broken, are just paper tigers.
Even if the bottom divergence signal is clear, it doesn't matter; it all depends on how big funds play.
3330? Dream on, break 3100 first.
Indicators are not gods; don't take them too seriously.
This rebound might be weaker than you think.
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PonziDetector
· 21h ago
Bottom divergence is back again. I'm tired of hearing this explanation... The last time it was said like this, the price fell through.
Wait, can 3120 really hold? I feel like it's about to hit a new low again.
Even with MACD like this, you still dare to buy in? Impressive.
But to be fair, this correction is quite interesting; I just don't know if it's a rebound or if it will continue to drop.
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OfflineNewbie
· 21h ago
Bottom divergence is back again, I say this every time haha
Stand firm at 3120 and give it a try, anyway I've already bottomed out
Is MACD convergence the bottom? Wake up, everyone
Can this wave push to 3250? I doubt it
Another case of judging with a single indicator, I'm tired of hearing this stuff
Ethereum today fell to a daily low of around 3165, approaching the lower band of the Bollinger Bands. From a technical indicator perspective, the MACD remains in a deep negative zone, but there is a noteworthy detail — the difference between DIF and DEA is beginning to show signs of convergence. If the price does not continue to make new lows subsequently, a bullish divergence is likely to form, which is often a signal that the bulls are preparing to exert strength.
In terms of trading strategy, it is recommended to watch the 3170-3120 retracement zone as a potential entry point. Once this support is established, the next resistance levels are at 3250-3330. Of course, the actual market rhythm will depend on real market performance, and it is not advisable to rely solely on a single indicator for judgment.