After ETH surged from 1946 and then pulled back, it has continued to drift downward. The current price of 1847 has fallen below a key support. Consecutive bearish closes on the 1-hour timeframe, with the MACD dead cross spreading downward—this confirms the bearish trend. The direction is clear; just follow it.

Resistance overhead: 1870-1885. Prior support has turned into resistance—any rebound is basically feeding the bears to liquidate people.

Downside targets: 1815-1820 as the first stop; if it breaks, then look at 1765-1780.

① After topping at 1946 on the 1-hour chart, ETH turned and moved lower. The candles keep closing bearish; the MACD’s two lines form a dead cross and diverge downward; the histogram turns negative and expands. Bullish volume keeps shrinking, and short-term bearish momentum is clearly strengthening.

② The Mỹ-Iran conflict has continued to escalate. The United States launched a new round of strikes on Iran’s Bandar Abbas port, and Iran carried out retaliatory attacks on U.S. military bases. Oil prices have spiked by more than 9% within five days, triggering inflation concerns and putting broad pressure on risk assets.

③ Bitcoin ETFs had outflows of $425 million in a single day. Heightened geopolitical tensions drove institutions to withdraw and seek safety; additionally, a Federal Reserve official from Logan publicly called for “modest rate hikes,” and expectations of tighter liquidity have suppressed risk appetite.

A rebound into 1870-1885 will be met with bearish pressure. Set a stop-loss above 1900. Cut the position in half at 1840; the remaining position is looking for 1815-1780.

Good news landing is bad news. When sentiment fades, it ultimately comes back to the technicals. When everyone is bullish, the real opportunity is on the other side. $ETH ‌