#ETH$ETH

# 1. Overall Analysis and Judgment

The current ETH market is in a downward trend, with neither technical indicators nor external environment providing strong reversal signals. Technical analysis shows that although a bullish engulfing pattern has appeared, trading volume has significantly increased and the price is well below the VWAP, forming a bearish resonance of increased volume and falling price, indicating dominant bearish momentum. Additionally, the moving average system shows a bearish alignment with a death cross signal, further reinforcing the downward trend. However, the RSI indicator has entered the oversold zone, indicating extremely pessimistic market sentiment and the potential for a short-term technical rebound.

Regarding external factors, market sentiment is neutral to slightly bearish, suppressed by capital outflows, hacking attacks, and bear market expectations, with no clear signs of a rebound. Although macro pressure indicators (such as the US dollar index and bond yields) show no significant changes, the overall environment provides limited support for ETH. In summary, the market may continue to decline, but attention should be paid to key support levels and potential short-term rebound risks.

#### Technical Analysis Diagnosis

Market Status Identification: The current market is identified as a "downtrend."
Key Findings:
Volume-Price Resonance: Trading volume has significantly increased and the price is well below VWAP, forming a bearish resonance of increased volume and falling price, indicating strong selling pressure and dominance of bears.
Conflicting Technical Signals: The bullish engulfing pattern suggests a possible reversal, but the moving average alignment and death cross signals reinforce the downward trend, creating conflicting technical signals.
RSI Oversold: RSI is in the oversold zone, indicating extremely pessimistic short-term market sentiment, but no clear bottom divergence signals have appeared.

#### Macro and Sentiment Diagnosis

Overall Environment Rating: The external environment is generally rated as "Neutral."
Core Evidence:
Market sentiment is neutral to slightly bearish, affected by capital outflows, hacking attacks, and bear market expectations, with no obvious rebound signals.
Macro pressures (such as the US dollar index and bond yields) show no significant changes.
No major event risks; the external environment has limited direct interference with the market.

### Three, Strategy Suggestions and Key Levels

Based on the above analysis, we propose the following trading strategies. Please consider your own risk preferences.

Strategy 1: 【Short - Conservative】
Entry Area: 2620
Stop-Loss Price: 2660
Target Area: 2200

Strategy 2: 【Short - Aggressive】
Entry Area: 2470
Stop-Loss Price: 2510
Target Area: 2200

Strategy 3: 【Long - Conservative】
Entry Area: 2190
Stop-Loss Area: 2140
Target Area: 2800

Strategy 4: 【Long - Aggressive】
Entry Area: 2325
Stop-Loss Area: 2270
Target Area: 2470

The above is purely based on personal experience analysis; investing involves risks. Enter the market cautiously!!!