Ethereum short-term trend is under obvious pressure, with the area above 2340 being a strong resistance zone, and yesterday early morning’s two attempts to break through were both met with resistance and pulled back; the daily chart has shown signs of a top, and today’s rebound to the neckline of the double top structure has not achieved an effective breakthrough, indicating that this rebound is most likely a signal of main players offloading.

The 1-hour cycle technical indicators are resonating and weakening, with the KDJ forming a death cross and continuing to extend downward, and the MACD bullish momentum gradually shrinking, forming a double top at the same level. If it cannot stabilize above the 2300 key support within the day, the price is highly likely to continue its downward trend.
Ethereum trading reference: short at 2316, target 2216, stop loss 40 points. #BTC #ETH