1⃣ Ethereum has broken key support, is the risk escalating?

Ethereum plummeted 7.83% to 2531.74 today, with trading volume surging 30%, suggesting a continued bearish outlook in the short term.

The candlestick chart has penetrated the middle Bollinger Band at 2593, with support looking towards 2404.

If it falls below 2336, it may trigger a downward space towards 2200.

2⃣ RSI has broken down, the lower Bollinger Band is in jeopardy!

Ethereum's RSI has dropped to 49.43, with weakening momentum.

The price has fallen below the middle Bollinger line, currently testing the 2404 support, with the key level below at 2336.

Resistance for a rebound is heavily pressured at 2783, and the short-term outlook remains pessimistic.

3⃣ Bears are controlling the pace, Ethereum must respond with caution!

Market capitalization has fallen to 305.3 billion, yet trading volume has expanded nearly 31%, possibly signaling a continuation of the decline.

The middle Bollinger track has been breached, and the key support level at 2336 must be maintained.

Whether the rebound can reclaim the 20-day moving average will be the key turning point for the trend. #加密市场回调 #ENA #SOL #PEPE #SUI $BTC $XRP $ETH