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The bearish trend for ETH is clear, moving in tandem with BTC’s weakness. After a synchronized sell-off last night, it rebounded slightly; the old support levels have now turned into strong resistance across the board.
On the daily and 4-hour charts, the moving averages are arranged bearishly: declines come with expanded volume, while rebounds come with reduced volume. ETF flows continue to show capital outflows. ETH continues to depreciate relative to BTC, and multiple bearish factors resonate together.
Place short positions in the 1630-1660 range during the intraday rebound, targeting 1540-1520. Mainly follow the trend and go short. $BTC $ETH #以太坊基金会重组降本