ETH is currently trading around 1,857. This pullback is harsher than BTC’s; in the short term, it’s clearly weaker.

On the 4-hour timeframe, it’s been sold off all the way from the 1,946 high. The KDJ has crossed down and momentum from the shorts is still continuously releasing. This looks like a deep retracement after a spike. So far, there’s no clear reversal or bottoming signal. The 1-hour chart is even more straightforward: the highs are being stepped down one by one, rebounds lack strength, and it has already broken the key support at 1,880. In the short term, bears are fully in control.

In terms of trading, prioritize shorting from higher levels. If the price rebounds into the 1,880–1,890 range, you can enter a short position, with the stop-loss placed above 1,900.

If it first taps the 1,830–1,840 support zone and holds, you can take a light long bet—quick in, quick out. But if it effectively breaks below 1,830, cut the trade immediately and exit. Right now it’s a weak retracement—don’t rush to buy the dip; strictly control your position size. $ETH ‌