Ethereum follows Bitcoin's decline, and the bearish structure remains clear. The bearish outlook provided at midnight has been realized, and the overall market still mainly continues the trend.
The daily line has continuously closed in the red, with the focus shifting downward, the Bollinger Bands opening downward, and the bearish momentum has not shown signs of exhaustion; after breaking the support at the 4-hour level, there was only a weak rebound, the MACD death cross is trending downwards, and the rebound seems more like a correction rather than a reversal.
The operating idea remains unchanged, consider the bearish target first looking at 2700 when rebounding to the 2850–2900 range, and if it breaks below 2700, continue to pay attention to 2620.
Cautious participation in a weak market, control positions, and strictly set stop-losses.
ETHUSDT
Perp
2,989.01
+6.63%