ETH Analysis



From the chart perspective, the price surged to 2199 and has continued to decline. Recent K-lines have shown consecutive bearish closes, with bullish momentum showing clear exhaustion. The current price has broken below the short-term moving average support, with short-term moving averages turning downward and forming death cross signals with medium-term moving averages, further suppressing rebound potential. During the pullback from highs, buying interest remains persistently weak, with clear signs of fund outflows and extremely weak rebound strength. The bearish trend is gradually establishing itself. Currently, the price has lost the key 2145 support level. If it fails to quickly recover, the lower 2120-2100 zone support will be directly tested. The short-term bias is clearly bearish, and operationally, it is recommended to focus mainly on shorting strategies.

Trading Suggestion: Short 71200-71700, Target 79200-79700.$SOL $GT
SOL4.82%
GT0.6%
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