ETH

Yesterday, the 2300 sell zone was reached as expected. Near the evening, it made a minor rebound to 2322, met resistance and pulled back. During the night, the low dropped to 2233. The higher-price move arrived as scheduled, and it was a smooth execution.

As of now, after the sell-off, a rebound and repair is normal market behavior, but the momentum is lacking. In the 4-hour timeframe, the market shows a wave-like decline in the short term, and it has not yet tested the previous support at 2218. At the same time, the weaker pattern on the smaller timeframe is clear, and the Bollinger Bands are diverging downward, suggesting a further continuation. On the short term, there are no obvious rebound signals, so for today we continue to look for a pullback first.

Reference: short in the 2275-2230 area, then look for downside toward 2220-2180.