$ETH

ETH
ETHUSDT
1,981.31
-0.74%

Opening price 2,069.48, weakening throughout the day, accelerating decline in the afternoon

​Trading volume: 394 million, falling volume, clear selling pressure

​Weakening in sync with Bitcoin, overall cryptocurrency market sentiment is bearish

Technical analysis (bearish)

Daily chart: broke key support at 2100, moving averages in bearish alignment, MACD cross down, lower Bollinger Band opening

​4-hour chart: broke down from converging triangle, moving down along the lower band, no clear signs of stopping the decline

​Key levels

​Resistance: 2,050–2,100

​Support: 1,960–1,980 (first support); 1,900–$1,850 (strong support)

Today's trend judgment

Short-term trend: continuation of decline, bearish

​High probability of facing resistance when rebounding to $2,050–$2,100

​Testing support at $1,960–$1,980, if broken look towards $1,900

​Action suggestion: primarily observe, do not chase shorts; do not bottom fish before stabilization; light shorting can be attempted under pressure on rebounds, strict stop loss #美伊和谈陷僵局 #特朗普希望尽快结束对伊朗战争 #Tether audit