Technical Analysis
Four Hour Chart:
Moving Average Pressure: Prices continue to stay below MA(5)=2745.71, MA(30)=3081.58, indicating a clear bearish trend.
Descending Channel: Since the peak of 4200 in February 2025, Ethereum (ETH) has shown a stepwise decline, currently encountering resistance around 1754.
Volume Shrinkage: Recent rebound lacks momentum, indicating insufficient bullish confidence.
One Hour Chart:
Short-term Moving Average Death Cross: MA(10)=1891.46 suppresses price; although the support level at 1750 has been tested multiple times without breaking, the rebound is weak.
MACD Indicator: DIF and DEA are converging below the zero axis, a slight rebound may occur in the short term, but the overall trend remains bearish.
Key Price Level
Short Position Area: 1740-1750
First Take Profit: 1700
Second Take Profit: 1680
Stop Loss: 1765
Operation Logic
If the price breaks below 1730, it may accelerate downward to 1680-1650 (previous low support).
Caution with 125x leverage, control position at 1%-2% to avoid liquidation spikes.
