1. Daily Analysis - Price has broken below support, bullish momentum is declining
From the daily chart perspective, ETH's rebound in recent days failed to effectively break through the upper Bollinger middle band (around 1850), and the current price has lost support and is approaching the lower Bollinger band (around 1825). Recent K-line patterns show signs of gradual weakness, with yesterday's and the day before's bearish candles engulfing the prior bullish candle, indicating insufficient bullish momentum.
The red MACD bars have gradually shrunk, and the fast and slow lines are beginning to flatten and approach a death cross, indicating that bearish momentum is gradually taking over. If the price continues to stay below 1830, it may further retract in the short term, with target support levels looking towards the 1815 and 1800 range.
Technical Conclusion: The daily chart is bearish, and the price may continue to decline, testing the next support level.
2. Four-Hour Analysis - Price pullback is under pressure, bearish market is gradually taking shape
On the four-hour chart, the ETH price encountered resistance near the 1850 resistance level and began to retreat. The current Bollinger bands are slightly narrowing, with the price below the Bollinger middle band (around 1833), indicating insufficient bullish momentum in the short term, with bears gradually taking the lead.
The MACD indicator shows a death cross signal, with green bars gradually enlarging, further indicating an increase in bearish strength. If the price continues to stay below 1830, it may accelerate downwards, with the next support level at 1820.
Technical Conclusion: The four-hour chart is bearish, facing heavy short-term pressure, and the price may continue to decline.
3. Hourly Analysis - Price failed to effectively break through, short-term pullback risk increases
On the hourly chart, ETH price failed to break through the resistance level of 1850, and the K-line has maintained a range-bound consolidation in the short term. The current price remains below the middle Bollinger band, indicating that the pullback is not yet complete, and there is a risk of further downward movement in the short term.
The green MACD bars have expanded, indicating that bearish momentum is increasing. If the price breaks below the 1825 support, it may accelerate downwards to seek more support. The short-term target is set at 1815 and 1810.
Technical Conclusion: The hourly chart shows a pullback trend, still bearish in the short term.
4. Operational Strategy Suggestion (mainly bearish)
📍 Current opening range: 1830–1835
🎯 First target level: 1815
🎯 Second target level: 1800
❗ Second target level: 1850
5. Summary
After losing the 1830 support, bearish momentum has gradually increased, with clear pullback signals on the four-hour and hourly charts. If the price remains below 1830, further declines are expected. There is considerable room for pullback in the short term; it is advisable to take light short positions and manage stop-loss and take-profit levels reasonably.
📉 Operational Suggestion: Mainly short, control positions, and wait to increase positions further upon breaking support.
