From the 1-hour chart perspective, Ethereum formed a short-term high near 2385 and then showed a significant decline, with a low test near 2150. Currently, it is oscillating and consolidating around 2180.



The previous uptrend structure has been broken, and the short-term market has entered a bearish-dominated pullback phase.

At the hourly level, MACD has formed a death cross, with bullish momentum continuing to weaken and bearish momentum still being released. The market is in a downtrend cycle.

In terms of trading volume, there was obvious volume expansion during the decline. The current oscillation phase shows volume contraction, which is a bounce-back consolidation structure following the decline.

Key support: Near 2150
If this level is broken, bears are expected to accelerate further.

Trading suggestion:
Short in batches in the 2200–2220 range
Target: Near 2130–2150
#比特币支撑阻力位分析 $BTC $ETH
BTC-2,81%
ETH-2,96%
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