In the past 24 hours, Ethereum has shown a wide-ranging oscillation pattern. The price has fluctuated repeatedly within the range of 1744 to 1838, with intense long and short battles. Earlier, it briefly surged to around 1838 but failed to effectively break through the upper resistance, subsequently falling under pressure. Although there was a short-term rebound during the day, trading volume has gradually shrunk, indicating a lack of willingness to chase prices higher, and the overall trend shows characteristics of stagnation at high levels.

The current market is releasing short-term bearish signals. The MACD indicator's dual lines formed a death cross above the zero axis and have continued to diverge downwards, with the histogram turning green and expanding, suggesting that bearish momentum is gradually strengthening. The price has again fallen below the 1800 mark this morning, with hourly candlesticks consistently closing below the short-term moving averages, indicating weakening short-term support. If the subsequent rebound cannot stabilize around the pressure of 1796, there is a possibility of further probing the range of 1740-1760. It is recommended to primarily focus on short positions during rebounds and to pay attention to the strength of support in the key areas below; if there is a significant drop below, be cautious of accelerated correction risks.

BTC 94400 short, target looking down towards 92000

ETH 1820 short, target looking down towards 1760