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ETH Analysis
ETH is entirely bearish from a pure technical perspective.
Weekly highs are continuously lowering, with moving averages forming bearish pressure; the daily chart has broken the double top neckline and formed a bearish continuation pattern, with shrinking volume on rebounds under pressure, and each touch of the 20-day moving average triggers selling pressure.
The 4-hour downward channel is intact, indicators show weak recovery, and no reversal signals.
Resistance above at 1660; if this level holds, follow the trend with short positions at high prices.
Trading Suggestions
Place short positions near 1580-1600, target 1550-1550 att$BTC $ETH #美光市值超越Meta跻身全美前十