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BTC 71300 resistance line encountered pullback. Current phase at 70500 key level. Hourly KDJ death cross pointing downward, MACD bull volume shrinking.
BTC: Short near 70800-71200
Target: 69800-69000 area
ETH: Short near 2160-2190
Target: 2110-2070 area
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# Title: ETH Plummets 6%, What's Next? Key Support Level Analysis for Tonight
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Today ETH dropped from 2328 all the way down to 2141, a decline exceeding 6%. Many people with long positions are trapped, asking me what comes next.
Let me share my perspective briefly.
## I. Why the Decline?
This selloff actually has traceable reasons:
1. 2328 vicinity is a strong recent resistance level, failed to break through multiple times
2. Funding rates have remained continuously positive, long positions are overcrowded
3. Risk-off sentiment in external markets is rising
When everyone is bullish, that's