$ETH is trading near 2,433, down 3.07%. Selling pressure is visible, and I wouldn't rush into a long position yet. Entry: Above 2,460 TP1: 2,500 TP2: 2,550 TP3: 2,600 SL: 2,390 My view: ETH needs buyers to step in. A sustained move above 2,460 could support a recovery.

ETH continues its weak downward trend dominated by bears. The early-session rebound was halted around 2470 before retreating, successively losing the medium-term support at 2450 and the round-number level of 2430. After dipping to a low of 2410, it made a slight recovery and is currently quoted at 2431. As a core asset linking the various segments of the crypto market, it is more sensitive to overall sector sentiment. Pressure on major leading coins, coupled with continued capital outflows from altcoin sectors, has made ETH’s downside follow-through significantly stronger than its rebound momentum. On the daily chart, the previous consolidation platform has confirmed a valid downside break. Short-period moving averages have turned downward, creating a bearish confluence of pressure, while the MACD green histogram continues to expand. Heavy overhead pressure from trapped positions remains in the 2460–2480 region, and the downward trend structure shows signs of continuation. On the four-hour chart, the price is moving along the lower Bollinger Band. Although the RSI has entered oversold territory, its turn upward lacks strength. The oversold rebound lacks support from incremental capital and is merely a weak technical consolidation, making it difficult to reverse the short-term bearish pattern. Trading recommendation: Establish short positions on rebounds into the 2460–2480 and 2515–2545 ranges, targeting 2410–2390 on the downside. If the range is decisively broken, continue targeting the 2335–2315 range, as well as 2265 and 2210. Focus particularly on whether 2395 breaks or holds as support, and use the actual outcome to determine whether to chase shorts or buy at lower levels.

Bitcoin is broadly showing a choppy downward trend, retreating under pressure from the high around 84120 early today. During the choppy decline, it gradually broke below the short-term moving averages and support at round-number levels, reaching a low around 81520. It is currently trading around 81881. Ethereum’s movement is highly correlated with Bitcoin’s, likewise beginning a downward move from the high around 2540 and falling to around 2470, maintaining a weak, follow-the-decline pattern throughout, with the market’s correlation clearly evident. The daily downtrend channel continues to expand in an orderly manner. After a short-term weak rebound and a full bull-trap top formation, the market has successfully shifted into a steady choppy downward rhythm. Bearish momentum is being released progressively, driving the moving-average system into a synchronized, resonant downward-pressure pattern. After the MACD fast and slow lines formed a death cross, they have continued to diverge downward, while the green momentum bars have steadily expanded. The TRIX trend indicator confirms the bearish direction. This pattern indicates that the market trend has clearly returned to bearish control, and that the downtrend has strong persistence and structural stability. The four-hour trend continues to maintain a weak downward tone. Price has remained under pressure below the short-term moving averages, displaying the technical characteristics of a one-sided, weak trend and further strengthening the foundation for the daily bearish trend. The current market rhythm shows that bearish forces are still accumulating. The short-term rebounds during this period are not signals of a trend reversal, but typical corrective moves to build momentum, with the core purpose of accumulating energy for a further decline. Today’s strategy remains centered on opening short positions on rebounds. Specific trading recommendations: Monitor the pressure around the 82300-82800 range, as well as at the key levels of 83750, 84600, and 85450. If price reaches these levels and encounters pressure with a rejection wick, or fails to break through, consider opening short positions at elevated levels, targeting the key support levels of 82000, 80800, 80000, 79300, 78600, and 77500