ETH loses key support! 2270 becomes the dividing line between bulls and bears. Is this drop a shakeout or a trend reversal?

Current Price: 2273.33

Compared to yesterday’s high-volatility fluctuations, ETH has begun to show substantial signs of weakening. The price decline is not the main point; the key is— the structure is changing. If you are still viewing the current market with a “volatility mindset,” it’s easy to be repeatedly liquidated.

Let’s directly analyze the three timeframes.

1. Daily Chart: Upward structure loosening, correction entering confirmation stage

The daily chart is the core for judging the overall trend, and it has already issued a warning signal:

Consecutive high-level oscillations followed by a bearish candlestick → Bears gaining momentum

No new highs at the peak, indicating a potential top formation

MACD red bars significantly shortened, approaching a death cross

RSI drops below 60, entering a weak zone

2. 4-Hour Chart: Break downward, initial formation of a bearish trend

The 4-hour chart is now very clear:

Break below the lower boundary of the consolidation zone (original support at 2300)

Structure shifts from “sideways” to “downward”

Rebound heights gradually decreasing

Technical analysis:

MACD death cross and moving below zero line → Bearish trend confirmed

Bollinger Bands opening downward → Volatility releasing

Falling volume on declines, decreasing volume on rebounds → Standard bearish rhythm

3. 1-Hour Chart: Bearish dominance, entering pre-acceleration phase

Short-term has entered a typical bearish trend:

Moving averages in a bearish alignment (MA20/MA60 clearly suppressed)

Weak rebounds, forming a “weak bounce + further decline” structure

MACD continues to expand

Current rhythm:

Downtrend → Rebound → Break lower again

Summary of structure: ETH is entering a “trend switching critical point”

The current three timeframes show consistent signals:

Daily: Decelerating upward momentum

4-hour: Break downward, turning bearish

1-hour: Bearish continuation

This indicates:

ETH is no longer just oscillating but is attempting to enter a downtrend

【ETH Today’s Short Position Strategy】

Entry point: 2273.33

First take profit: 2270.55

Second take profit: 2268.68

Stop-loss: 2276.68