Recently, ETH has been experiencing a continuous pullback. Although the price has stabilized slightly, the overall trend remains weak. Technical indicators show that the short-term bearish pattern has not been broken (moving averages are in a bearish alignment, MACD is weakening, and trading volume is shrinking). Short-term main capital sentiment is cautious. The Extreme Fear Index reflects a pessimistic market sentiment, with significant disagreement between bulls and bears. Whale activities are frequent, including both large whales shorting and long leverage covering, indicating that risk control should be prioritized.

Trading Suggestions

- For short-term trading: It is recommended to take light positions in long trades within the 2,230 - 2,245 USDT range. Stop-loss can be set below 2,205 USDT (close to the current low), but strict execution is essential.
- If bearish: Wait for the price to effectively break below 2,230 USDT or for a weak rebound. Consider following short positions and set proper take-profit/stop-loss levels (a stop-loss is recommended above 2,250 USDT).
- For trend trading: It is advisable to stay on the sidelines until the trend direction becomes clear. Be patient and wait for the daily chart to stabilize or for a large bullish breakout.