ETH Analysis:

Bearish: Daily MACD death cross not yet resolved + increasing volume decline + Bollinger bands narrowing and breaking downward risk. If $2,258 (daily SAR) is lost, the daily trend turns bearish, possibly accelerating downward to $2,220→$2,100. The 4-hour SAR stop-loss line at $2,284 is also very close to the current price, and the dual stop-loss pressure makes the downward space fragile. If BTC continues to weaken (<$76K), ETH's downside risk increases with linkage.
Bullish: Multi-timeframe oversold + dense bottom divergence signals (15-minute/4-hour MACD bottom divergence, daily RSI oversold, KDJ J value extremely low), 15-minute has stabilized above MA20. The Fear & Greed Index at 26 is in extreme fear zone, which historically often signals a mid-term bottom. The addition of 5 million ETH held by BitMine + ETF net inflow provides fundamental support. If it can recover $2,300–$2,320, the rebound can target $2,350–$2,400; a volume breakout above $2,400 would reverse the medium-term pattern.
Key levels:
Will $2,258 hold: daily SAR stop-loss line, a break below indicates a daily trend reversal to bearish, worsening trend
Will $2,284 hold: 4-hour SAR stop-loss line, a break below indicates a 4-hour trend reversal to bearish
Can it recover $2,300–$2,320: recovery confirms oversold rebound initiation
Bollinger band narrowing breakout direction: 30-day bandwidth minimum, likely to show directional choice in the next 1-3 days
BTC trend linkage: If BTC drops below $76K, ETH's downside linkage risk increases