ETH's downward trend continuation signal confirmed! Facing resistance above 2240, the bearish window has opened for the day.

Current Price: 2240.15

First, the conclusion: ETH in the short term has entered a weak continuation phase, characterized by “a decline continuing after a rebound fails,” with a clearly bearish current structure, and a tendency for sideways downward movement intraday.

1. 4-Hour Level: Trend weakening, dominated by bears

Break below previous key support at 2260 area Highs continue to decline, structure deteriorating MACD operating below the zero line, bearish momentum strengthening Bollinger Bands opening downward, price close to the lower band

Core judgment: 4-hour chart shows a trend towards a bearish structure

2. 1-Hour Level: Clear bearish rhythm

Standard “decline → weak rebound → further decline” structure Rebound constrained within 2250-2260 range Moving averages in a bearish alignment MACD remains in a bearish state

Short-term rhythm: Mainly downward decline, with continuation potential

3. Intraday Trend Projection

If unable to regain stability above 2260:

More inclined towards sideways downward movement intraday First test support around 2215 If broken, may extend to around 2195

4. Direct Trading Strategy (as required)

Direction: Short (market order entry)

Entry Price: around 2240.15

Take Profit:

First TP: 2218 (about -1%) Second TP: 2195 (about -2%)

Stop Loss:

Stop loss level: 2273 (about +1.5%)