The continuous decline of Ethereum's market has sharply broken below the 1560 level given earlier this morning.

What is the next operational thought?

Since it has broken below this range, the next operational thought needs to change. Looking for a bottom at the lower level, we see a short-term bullish outlook, searching for high points to short and waiting for a decline. The daily chart has already formed a downtrend.

The upper resistance level is 1585, and the lower support level is 1510, breaking down to 1470.

In this ongoing volatile market, one needs to be especially cautious and operate with small stop losses.

We will continue to update the strategy points; shorting Ethereum is the safest option.