Ethereum Crash Alert! Low Trading Volume and Ice-Cold Sentiment, Is the Rebound a Trap?
ETH trading volume continues to be sluggish, market panic intensifies, and the second currency (ETH/BTC) has fallen below previous lows, significantly exceeding the decline of other tokens, leading to a collapse of retail confidence. Under emotional selling, ETH is unlikely to have an independent market in the short term, and if a rebound occurs, it may quickly fall back with limited strength.
Key Ranges and Strategies
Resistance: 1580-1640, failure to break through 1640 will lead to a retest of support.
Support: 1560-1520, if broken, may test 1480 (which has already shown initial support).
Breakthrough Scenario: If it unexpectedly breaks through 1640, watch the resistance at 1760, but insufficient volume may still indicate a false rally.
Current weak pattern, operate cautiously, and closely monitor volume changes!
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