The Ethereum you are most concerned about has arrived.

Looking back at the early morning, Ethereum peaked at 2433 and continued to decline,

Bears exerted pressure, causing the price to drop to as low as 2383 by morning,

Currently, the price has rebounded to around 2405.

In the MACD indicator, although the bearish bars have slightly shortened, the overall volume is still increasing, indicating that bearish forces remain dominant, and the downward momentum has not yet significantly weakened;

Although there are signs of a bullish crossover in the KDJ, it is more of a weak rebound after being oversold,

Unable to reverse the overall bearish trend,

It is expected that the short-term will likely continue a downward trend,

Attention should be paid to the key support below, as a valid breakout may lead to further price declines.

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