ETH continues to break through support and accelerates downward. In the early session, after being capped around the 2506 area, it rapidly dumped, consecutively breaking through multiple key support levels at 2460 and 2430. The low reached around 2402. Current price is 2421. As a core asset for risk appetite in the crypto market, ETH tracks BTC, but the bears have been even more aggressive. Intraday losses are notably larger than the broader market; long positions have little follow-through, and stop-loss sell orders from momentum followers have piled up. The bearish weakness is more pronounced than in most other major coins.
Technically, on the four-hour timeframe, price has completely broken below the lower boundary of the prior consolidation box. Short-term moving averages are in a bearish alignment and diverging downward. The MACD green histogram continues to expand, while the KDJ is in a deeply oversold zone with no turning-up repair signals yet. Bears firmly control the market momentum. On the daily timeframe, the key neckline support has been officially broken. The 2450–2460 zone has shifted from support to a strong intraday resistance band, and the first test below is the 2380 support level.
For intraday trading, the main approach is to look for short entries on rebounds. Consider entering shorts in the 2450–2480 range, as well as around 2515 and 2605. Targets are lower toward 2400–2380. If support breaks, expect a further sharp downside move.
Technically, on the four-hour timeframe, price has completely broken below the lower boundary of the prior consolidation box. Short-term moving averages are in a bearish alignment and diverging downward. The MACD green histogram continues to expand, while the KDJ is in a deeply oversold zone with no turning-up repair signals yet. Bears firmly control the market momentum. On the daily timeframe, the key neckline support has been officially broken. The 2450–2460 zone has shifted from support to a strong intraday resistance band, and the first test below is the 2380 support level.
For intraday trading, the main approach is to look for short entries on rebounds. Consider entering shorts in the 2450–2480 range, as well as around 2515 and 2605. Targets are lower toward 2400–2380. If support breaks, expect a further sharp downside move.