Today's Public Analysis (ETH Thursday)

I. Today's ETH Overall Trend
The short-term bearish sentiment still dominates. The current rebound is merely a minor correction during the downtrend, with no genuine reversal signals.
II. Technical Bearish Evidence
• Daily Level
After falling from highs, the trend has remained weak, with moving averages exerting overall downward pressure; MACD bearish signals are obvious, rebounds consistently fail to break key resistance levels, and upward momentum is essentially absent.
• 4-Hour Level
The trend is within a downtrend channel, with price repeatedly suppressed by moving averages; each rebound is weaker than the last, falling back upon any resistance touch, appearing more like a false rebound luring long positions.
• Volume Structure
There is trading volume during declines, but little volume support during rebounds; without fresh capital entry, the rebound is difficult to sustain, and the bearish trend remains unchanged.
ETH: Rebound from 2170 to 2190 can move south
First Target: Around 2130
Second Target: 2100 (Cautious) #Gate正式接入Polymarket $ETH