$ETH ETH market has been dropping in a straight line from the high around 2465, with the lowest dip reaching near 2250, a decline of over 200 points. Currently, it is struggling to consolidate above 2300, but the overall momentum remains weak. The logic of "the strong get stronger" does not hold, so we should follow the trend.

Combining harmonic patterns, the market has perfectly formed a standard bearish AB=CD structure, which also aligns well with technical indicators: the AB segment dropped from 2465 to 2250, completing the first volume-driven decline; the BC rebound rose above 2300, a typical weak rebound with severely lacking momentum; and the D point target area precisely falls within our 2340-2360 zone, which is the optimal entry point provided by the market. At the same time, considering the Bollinger Bands opening downward, the MACD green bars continuing, and retail investor sentiment still in panic, this further confirms the current weak pattern.

Here, I want to tell everyone that our optimal entry point is better the closer it gets to 2380, because 2380 is a previous high-volume trading zone and the strong resistance level from the last cycle, with the strongest suppression force above. Entering here offers the best cost-performance ratio. But right now, the market is too weak, and waiting for a perfect high-level entry is unlikely.

So, let's not wait for the perfect point. Just treat 2380 as a defensive bottom line and directly position short positions in the 2340-2355 range.

Trading strategy $ETH

Entry zone: gradually open short positions in the 2340-2355 range
Stop-loss: 2385 (a dense resistance zone, maximum tolerance)
Target points: first target 2300, if broken, then look at 2260→ even lower