ETH Short-term Structure Observation

ETH bears are fully assembled, forming a standard bearish arrangement across multiple cycles, with the 2300 level teetering, and the downtrend completely dominating the short-term pattern.

The market continues to weaken, with no effective rebounds throughout, as the 15-minute, 1-hour, and 4-hour cycles all weaken simultaneously. The short-term MA5, MA10, and MA20 moving averages are all turning downward, forming a complete bearish suppression pattern, with the main force clearly unloading, and bulls having no resistance.

Technical indicators continue to weaken: the current price oscillates weakly around 2275, RSI remains low at only 36, indicating a severe lack of bullish momentum; MACD green bars keep expanding, with downward momentum continuously building, showing no signs of bottom divergence recovery. The overall volume-reducing decline is highly destructive, and the market may further decline at any time, liquidating long stop-loss positions.

Resistance and support levels are clearly differentiated: the strong resistance at 2360 is difficult to touch in the short term, with the first short-term resistance at 2287, and any slight rebound by bulls is just a trap for correction; the primary support is at the 2270 level, and if it is effectively broken, the subsequent key support at 2266 will quickly give way, opening further downside space.

Short-term strategy does not need to be complicated; follow the trend throughout, and any rebound pressure is a good opportunity to add to short positions, strictly avoiding counter-trend bottom fishing.

Key risk control note: if the market unexpectedly stabilizes firmly above 2287, the short-term bearish structure will be broken, beware of manipulative reversals, trap resets, and sudden spikes by the whales, and adjust your strategy promptly.

Risk reminder: The content is only an analysis of market structure and does not constitute any investment advice. High leverage trading in derivatives carries extremely high risk; always strictly control positions, set stop-losses, and avoid heavy positions.