ETH is currently in a bearish-dominated sideways downward phase:


Bearish perspective: Daily MACD death cross, 15-minute top divergence, strong resistance at $2,338–$2,343, a break below $2,305 could lead to a test of $2,285 or even $2,252
Bullish perspective: 4-hour moving averages are in a bullish alignment, institutions are continuously increasing holdings, if $2,305 holds and it breaks through $2,343, a rebound to $2,380+ is possible
Trading suggestion: Watch for a breakout direction in the $2,305–$2,343 range. In the short term, bias is bearish; if it falls below $2,305, consider shorting with the trend, stop loss at $2,350; if it breaks through $2,343, try a small long position.
ETH-0.54%
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