Compared to Bitcoin, Ethereum appears to be relatively strong on the surface, but in reality, it harbors hidden risks. Ethereum has not effectively broken below the key support at 1760, but it failed to break through the high near 1848 twice, both times closing with long upper shadows, forming a double top resistance. Meanwhile, the highs are gradually declining, and the support below is becoming increasingly precarious. As the highs continue to move lower, even if a lower low has not yet been formed, the upward momentum is weakening, and the probability of a breakdown is greater than that of a breakout. Once broken, the price will directly test the support at 1715. Currently, 1800 is the lifeline for Ethereum; if it cannot stay above 1800, the upward trend cannot continue, and it can only maintain a weak oscillation.

In terms of trading strategy, it is not advisable to be aggressive at this stage; prioritize watching or operate within the range with short-term trades, set proper stop-losses, control position sizes, and avoid the risk of a breakdown and downward movement.
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