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Ethereum short positions closed perfectly with a profit! (2000 is about to be broken!)

2026-02-05 14:56:57
Shareshare
Ethereum short positions were again precisely timed for the evening, with the 2150-2130 range perfectly reaching the take-profit target of 2040. Nearly 100 points of profit were successfully secured. The 4-hour chart shows a descending flag pattern, with the price consistently trading below the moving average system. The EMA20 ($2657) provides strong resistance. The Supertrend indicator continues its bearish signal, showing strong correlation with Bitcoin and weakening in tandem. The RSI at 23.12 (oversold) suggests that short-term downward momentum may be waning, but the overall trend remains unchanged; oversold conditions may persist, but this is not a reversal signal. The MACD is running at low levels without a clear bullish divergence, indicating that bearish momentum still dominates. A rebound requires confirmation with increased volume and indicator resonance. The KDJ shows signs of a golden cross at low levels, but has not formed a valid breakout; the rebound signal is fragile and requires price action to stabilize above the resistance level. The Bollinger Bands are narrowing near the lower band, suggesting potential increased volatility; a break below $2079 could accelerate the decline. Key Price Levels: Support: $2070 (intraday low), $2050 (strong support), $2000 (psychological and technical confluence level). Resistance: $2130-$2170 (Bollinger Band Middle Line + MA30) Trading Strategies and Risk Management Suggestions: Short Strategy (Main Strategy): Consider a small short position in the $2130-$2170 range, with a stop loss above $2220 and a target of $2070. If it breaks below $2070, further target is $2000. Risk per position should be controlled at 1%-2%. Long Position (Secondary Strategy): Only consider a very small long position if the price stabilizes at $2070 and the 4-hour chart shows a bullish close. Add to the position if it retraces to $2050 and a bullish divergence appears. Total position should not exceed 2%. Stop loss immediately if the price breaks below $2050. These strategies are time-sensitive; implementation will primarily rely on free guidance.
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