📣Ethereum failed to stabilize after a rally, and the downward trend may continue!

The four-hour chart shows a weak rebound after overselling, with a bearish structure unchanged. The price is oscillating near a key support level, with insufficient rebound momentum, so watch out for the risk of a second decline. Real-time price: approximately $2,310, down about 5.1% in 24 hours, with a daily low of $2,219. The rebound is about 7.7%, but it has not broken through the critical resistance at $2,400.

K-line pattern and structure: Overall, a suppression structure with successive lower highs has formed. The rebound to around $3,033 was met with resistance and fell back; bullish momentum is weak. Recently, a large bearish candle broke below the key support at $2,300. Currently, it is consolidating in a range between $2,280 and $2,350. Weak sideways trading is likely to continue with a technical rebound, followed by further decline or prolonged sideways movement leading to a drop. Moving averages: Short-term, mid-term, and long-term moving averages are arranged in a bearish alignment. The price has broken below EMA7, EMA30, and EMA120. EMA7 (around $2,429) acts as a strong resistance, making it difficult for the rebound to break through effectively. MACD: DIF and DEA continue to diverge downward below the zero line, with increasing histogram bars, indicating a clear bearish trend. No golden cross signals yet. RSI (14): at 17.50, in oversold territory, but no obvious rebound signs. After overselling, weakness may persist, so watch for stabilization signals.

Strong resistance: $2,390–$2,400, the intraday rebound high. Breakout requires increased volume; otherwise, the rebound will be limited. Weak support: $2,280–$2,295, the recent lower boundary of consolidation. Breaking below opens further downside space. Strong support: $2,221–$2,250, near the intraday low, serving as a short-term critical defense level.

Trend judgment: The four-hour timeframe is dominated by a bearish trend. Currently, it is only a technical rebound after overselling, with no reversal signal. Wait for the price to stabilize above key support and break resistance with volume to confirm trend reversal.

Ethereum trading strategy:

Bearish: A light short position can be taken if the price rebounds to $2,340–$2,360, with a stop-loss above $2,410. The initial target is $2,280; if it breaks below $2,280, add to the position targeting $2,220.

Risk control: Strictly manage positions, avoid heavy leverage, and adjust strategies promptly after key price levels are broken or breached to prevent market volatility risks.

The strategy is time-sensitive; implement strategies mainly based on free guidance!