Ethereum started to decline throughout the early morning. In the morning, it was originally thought to stabilize above 1830, but unexpectedly the bears exerted strength, leading to a drop in price, with the lowest point touching around 1800. This pullback has nearly 40 points of space, and the current price is around 1810.
From the technical indicators at the 4-hour level for Ethereum, the trend is bearish. The BOLL indicator shows that the price is close to the lower band, below the middle band, with bears in control; in the KDJ indicator, the K, D, and J values are diverging downward, with J being oversold and significant selling pressure; in the MACD indicator, the DIF has crossed below the DEA forming a death cross, with the histogram below the zero axis. Overall, it is likely that the price of Ethereum will continue its downward trend in the short term.
Ethereum Strategy: Short around 1830, target 1775
Bitcoin Strategy: Short around 94800, target 93000
