Good morning brothers! ETH is currently priced at $4465. On the daily chart, a large bearish candle formed on October 7th, with the price retreating from a high of $4755 to $4465. The strength of the downward trend has significantly increased, with the market dominated by the sellers. The hourly chart shows a pattern of fluctuating downward movement, with recent highs gradually declining and lows being refreshed continuously, indicating a noticeably weak short-term structure. Currently, the price is operating below all commonly used moving averages, which are showing a downward arrangement. The medium and short-term trend is also leaning bearish.
Bitcoin: Short around 122000-123000.
Watch: Around 120500-119200.
Ethereum: Short around 4485-4525.
Watch: Around 4430-4390.
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