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AI Analysis: $ETH/USDT
Entry Price: Around 2955
Target Price:
- TP1: 2800
Stop Loss: Above 2995
Reasons for Short Position:
1. Pattern Confirmation:
- Daily chart forms a "Double Top" reversal pattern (neckline at 2955), with a height of 40 (2955-2995)
- Measured decline = top height × 1.618 = 65 → Target price = 2955 - 65 = 2890 (practically rounded to 2800)
2. Trend Structure:
- Weekly chart breaks below the 2024 upward trend line (2995→2955 line), with price closing below MA(50) at 2970
- RSI(14)=42 (weak zone), MACD green bars expanding indicating increasing bearish momentum
3. Market Sentiment:
- Reversal signals at around 2995: "Volume increase with stagnation + long upper shadow"
- Consecutive 3 days of closing below 2955 (historical resistance + Fibonacci 38.2% retracement level)
4. Indicator Validation:
- OBV hits new low in 2024, indicating continuous outflow of funds
- Funding rate -0.155% (negative for 5 consecutive days), futures open interest decreased by 35%
- On-chain data: Exchange net inflow +1.8 million coins, whale holdings decreased by 48%
This content is for reference only and does not constitute investment advice. $ETH #ETH走势分析