$ETH Bears dominate, making it difficult for the rebound to reverse the downtrend

From the hourly chart, ETH is currently in a clear bearish trend, with weak short-term rebounds, and the overall movement continues downward, with price and moving average structures showing a bearish alignment and obvious resistance

The current price is 2298.42, down slightly by 0.74% in 24 hours, with the intraday low reaching 2250.91, and the recent trend remains focused

The candlestick pattern shows a rebound with decreasing volume, and the downward momentum has not been fully released. From the candlestick trend, recent prices experienced a rapid decline followed by a slight rebound, but the volume during the rebound shrank. This pattern is a typical feature of a bearish trend, with insufficient buying power, and the rebound is only a technical correction lacking increased capital to push further. It is highly likely that the price will test the support levels again later.

Layout: Bearish Entry: 2300-2328
Stop loss: above 2328 Target: 2250-2200

2. Bottom-fishing / Long entries: (Patience required)
It is not recommended to blindly bottom-fish; wait until the price stabilizes around 2200 (appearance of bullish engulfing candlestick, volume rebound) before considering long positions, with a stop loss below 2180 and a target of 2280-2300
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