ETH Top Confirmation: Bearish Target Below 2200

Technical Signals

1. Overbought Pullback Demand: Daily Surge of 20.89%, 4-Hour RSI Reaches 82 (Severely Overbought)

2. Volume-Price Divergence: Volume Did Not Reach New Highs Upon Breaking 2490 (Volume Exhaustion)

3. EMA Suppression: EMA99 (1964) and EMA25 (2174) Form a Death Triangle

Breakdown Target: After Daily Close Below 2200, Accelerate Down to 2000→1964 (EMA99)

Operational Strategy

• Short Position Layout: Open Short at Current Price 2346 (3-5x Leverage)

- Stop Loss at 2410 (Failure to Break Previous High)

- Target Steps: 2200→2100→2000

Risk Catalysts

- Grayscale Holdings Abnormal Movement (Monitor On-Chain Transfers)

- Continued Pullback in US Tech Sector

Leverage Operation Risks Are Extremely High, Recommended Position ≤ 3% of Capital