ETH Analysis

From a technical perspective, the price rallied to 2199 but has since declined continuously, with recent K-lines showing consecutive bearish closures, indicating the bullish momentum has significantly weakened. The current price has broken below short-term moving average support, with short-term MAs turning downward and forming a potential death cross with intermediate-term MAs, further restricting any rebound potential. During the pullback from highs, buying interest remains consistently weak with obvious signs of capital outflow, and rebound strength is extremely limited as a bearish trend gradually establishes itself. The price has now broken below the key 2145 support level, and if it cannot quickly recover, it will directly test the 2120-2100 zone support below. The near-term bearish setup is clear, so operationally, a short-biased approach is recommended.

Trading Suggestion: Short 71200-71700, Target 79200-79700.$SOL $GT