$ETH Evening Sentiment

Sentiment on the hourly chart broke below the consolidation box and the bullish trend line, and also broke below the support at 2343. After breaking the consolidation box, Sentiment attempted an upward rebound to regain inside the box but was unsuccessful.
Currently, the key support below Sentiment is at 2306-2300. As long as it does not break below this support zone, there is room for relief. If it breaks below the 2306-2300 zone, the 2263 support may not hold, and there is a high probability it will test the previous low at 2218 before stopping the decline and consolidating for an upward rebound.
Once Sentiment breaks below the 2306-2300 support zone, the hourly bullish trend is broken, and testing 2218 would be even worse. This wave of rebound for Sentiment is temporarily over.
To stop the decline and rebound, Sentiment must return above the 2343 resistance level. Moving above 2343 would bring it back inside the box for oscillation, which could lead to a continued rebound. Even if it doesn't rebound, oscillating within the box is better than falling.

Sentiment with volume breaks above 2334 to chase longs;
2299 with volume breaks below the right-side chase shorts.
Pay attention to volume changes and set stop-loss orders accordingly.
On the hourly chart, if Sentiment stabilizes above 2334, look for an upward move toward 2373-2423.
On the 4-hour chart, if it breaks below 2310, look toward 2278-2248.

On the daily chart, the white arrow points to a shooting star candlestick, indicating resistance above. This shooting star appears at a high level, and together with the red and white arrows, these three candlesticks form a three-in-one top pattern on the daily chart, which looks even worse.
In the next three days, if Sentiment on the daily chart cannot engulf this three-in-one top pattern, a correction will be underway.
Currently, there is no need to worry because the daily chart has not broken below the neckline at 2255, and the MACD is still above the zero line.
Whenever the daily chart breaks below 2255 and MACD returns below zero, it will be time to worry. At that point, traders holding bottom long positions should consider exiting.
$ETH