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Today is ETH options expiration day. Coupled with recent macro market sentiment being cautious, ETH has a high probability of short-term correlation with the overall market weakening. It is recommended to adopt a rebound-high short strategy, waiting for a key support stabilization signal before considering low buy-ins.

First support (intraday weak support): $1880-$1890
Corresponds to today's intraday low area. If the price recovers this range, a weak rebound may occur in the short term.

• Second support (technical strong resistance zone): $1850-$1860
The position where the four-hour chart repeatedly probes downward and quickly recovers. The selling pressure here is relatively reduced, serving as a defensive line for short-term bulls.

• Third support (psychological threshold): $1800
An important psychological round number. If it falls below this level, it is highly likely to open a new downward space.