Ethereum faces obvious resistance above, while Bitcoin's rally failed to sustain. In the short term, the market has turned downward, and overall sentiment is weak. Funds are more inclined to buy Bitcoin for safety. ETH's rally is lackluster, and any rebound is easily pushed back down.

The macro environment is tight, and in a high-interest-rate setting, funds are reluctant to touch high-risk assets. The overall crypto market remains under pressure. On-chain activity is inflated, Layer 2 networks are diverting traffic significantly, transaction fees and staking yields are declining, and the token fundamentals lack support. Technically, the rebound faces resistance, with clear selling pressure, making it likely to continue downward for short-term adjustment.

Ethereum morning trading strategy: short at 2200-2220, target 2100-2050 area $BTC