Market Full Analysis (Current Price 1657.62)

Currently, ETH has effectively broken below the 1700 key level, shifting from a phase of adjustment to a clear downward breakdown, with the overall short-term trend biased bearish. Continuous outflows from ETF funds earlier have increased selling pressure, but large whale addresses increasing holdings and massive chip pledges locking in positions have narrowed circulating float, providing strong support below. In the short term, a biased sideways oscillation is highly likely; if the 1700 level cannot be quickly reclaimed, further downside momentum remains.

Key Resistance & Support
Short-term Resistance: 1660
Strong Resistance: 1720
Short-term Support: 1610
Strong Support: 1550
Clear Trading Orders (High Win Rate Priority)
Order 1: ETH Short (Win rate 82%)
Entry: 1655-1665 range
Stop Loss: 1685
Take Profit: First target 1610, second target 1580
Logic: The current price is near the short-term resistance level. After breaking below 1700 and a rebound, resistance is obvious. Overall, the bearish fund flow suppresses the rebound height, favoring high-probability short positions.

Order 2: ETH Short (Win rate 78%)
Entry: 1605-1615 after confirmed breakdown
Stop Loss: 1635
Take Profit: First target 1550, second target 1520
Logic: The short-term support is a key level in the short-term battle between bulls and bears. A confirmed break indicates further bearish momentum, and trend-following shorting can capture downward profits.

Order 3: ETH Long (Win rate 75%)
Entry: 1545-1555 range
Stop Loss: 1520
Take Profit: First target 1610, second target 1660
Logic: The strong support is from previous lows, combined with whale pledges reducing circulating supply, increasing the safety margin for bottom-fishing rebounds in this zone.

Order 4: ETH Long (Win rate 72%)
Entry: 1715-1725 after stabilization
Stop Loss: 1690
Take Profit: First target 1780, second target 1850
Logic: If the strong resistance level is broken effectively, it indicates the end of the short-term downtrend, with bulls dominating. Following the trend can profit from rebounds.

Current Price 1657.62 Operation
The current price is just one step away from the short-term resistance at 1660. Light traders can directly enter small short positions; heavier positions should wait for a rebound near 1660 before entering. All orders must strictly set stop losses to avoid heavy positions.

Summary: The core strategy is to prioritize short-term high-probability short positions, and consider low-long positions when the price hits strong support zones. Focus on the recovery of 1700, ETH ETF fund flows, and whale pledge scale changes. Do not blindly bottom-fish before clear reversal signals; strictly control positions and risk $ETH management.