The bearish outlook on yesterday’s ETH provided to everyone has truly been fulfilled, delivering 100 points of room. Just like with BTC, students who followed the layout can directly see account profits. This once again confirms the importance of anticipating trends early and trading in line with the trend.

In the evening, the Middle East situation heated up again, becoming the core negative catalyst. Regional conflicts pushed up international oil prices, intensifying global inflation concerns and directly delaying expectations for the Fed to cut rates. The tighter liquidity environment exerts very strong downside pressure on ETH.

In addition, recent Ethereum on-chain activity has continued to trend lower, ETF funds have continued to see net outflows, and there is a lack of incremental capital in the market to provide support. Every time the price rebounds, it is accompanied by large sell-offs, and in the short term there is no solid foundation for a sustained reversal rally.

Trading suggestion: Aggressive traders can short directly at the current price. Conservative traders should short around 1740-1770, looking toward 1700-1670. If it breaks below 1650 and 1600, be more defensive; for the stop, set 1800, with a more conservative level at 1820.
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