ETH price chart started a direct one-sided decline from the high point around 2465, with a lowest dip to about 2250, a drop of over 200 points. Currently, it is barely consolidating above 2300, but the overall momentum remains weak. The logic of "the strong get stronger" does not hold, so we should follow the trend.

Looking at harmonic patterns, the current chart has perfectly formed a standard bearish AB=CD structure, which also aligns perfectly with technical indicators: the AB segment dropped from 2465 to 2250, completing the first volume-driven decline; the BC rebound rose above 2300, a typical weak rebound with severely insufficient momentum; and the D point target area precisely falls within our 2340-2360 zone, which is the best entry point the market offers. Meanwhile, with the Bollinger Bands opening downward, the MACD green bars continuing, and retail investor sentiment still in panic, this further confirms the current weak pattern.

Here, I want to tell everyone that our optimal entry point is closer to 2380, because 2380 is a previous high-volume trading zone and the strong resistance level from the last cycle, with the strongest resistance above. Entering here offers the highest cost-performance ratio. But since the chart is too weak now, waiting for a perfect high-level entry is unlikely.

So, let’s not wait for the perfect point. Just treat 2380 as a defensive bottom line and directly set up short positions in the 2340-2355 range.

Trading strategy $ETH

Entry zone: gradually open short positions in the 2340-2355 range
Stop-loss: 2385 (a dense resistance zone, maximum tolerance)
Target points: first target 2300, if broken, then look at 2260→ even lower