ETH is trading below all moving averages, forming a bearish alignment. Current price is 1,776, down sharply from 1,848; a minor rebound lacks strength. The 1-hour MACD has crossed down (dead cross) and is moving lower, with bears in control.



Macro negative news: the Iran-Iraq conflict is pushing up oil prices, the 2-year U.S. Treasury yield is rising, and the market is pricing in a September rate hike. High-volatility crypto assets are seeing funds sold off.

Trading advice
On a rebound of 1,800-1,810, sell the rebound. Aggressive traders can take a small short position at the current price. Targets: 1,750-1,700

With the rate hike + U.S. Treasury double pressure, don’t blindly bottom-fish. Shorting in line with the trend is safer.


#LAB两日腰斩53%
ETH-2.06%
LAB-33.11%
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