Is ETH's downward trend unstoppable? The bears are gathering, the short-selling script has already been written today, and it's ready for harvest!

Family, wake up! Don’t be blinded by the occasional one or two small rebound bullish candles. ETH right now is a textbook “sick cat” pattern. The current market shows weakness in upward momentum, with rapid pullbacks—classic signs of a bearish decline!

In today’s market, the “bear trap” act has already played out, and the main theme moving forward is—“free fall”!

ETH Market Bearish Depth Logic

4-hour chart: The price is struggling near $2310$, with the 50-day moving average (MA50) already turning downward and exerting strong resistance. The MACD indicator has formed a “second death cross” below the zero line, and the red histogram momentum is beginning to expand again, indicating that a large-scale downtrend has been established. The rebound is just an opportunity for you to escape or add to short positions!

1-hour chart: A typical “descending channel” pattern. Every time it touches the upper boundary of the channel, it gets violently sold off, showing extremely heavy selling pressure above. The RSI indicator is currently hovering around 40, unable to break above the 50 mark, clearly showing weakness. The failure to retake $2320$ resistance confirms a breakdown, signaling us to act decisively!

Today’s practical short strategy (recommended full position monitoring)

Want to survive longer in the crypto world? Going with the trend is the way to go! Don’t fight the trend—just short:

Direction: Short

Opening method: Market order

Current market price: 2309

First take profit level: 2286

Second take profit level: 2263

Stop loss level: 2343