$ETH 1.5 Evening Analysis

ETH current price shows a clear downtrend on the 1-hour chart, with multiple bearish signals technically. After the MACD forms a death cross, the bearish momentum expands. KDJ continues to diverge downward into oversold territory. The price breaks below the lower Bollinger Band and the channel slopes downward. The short-term MA moving averages are arranged in a bearish alignment, creating resistance. Trading volume gently increases with the pullback, confirming the validity of selling pressure. Coupled with recent ETF fund outflows and low on-chain activity, there is a lack of rebound momentum in the short term, likely continuing the downward trend. Caution is advised regarding the risk of breaking key support levels.
Recommendation: Short at 3250–3200, target: 3150, 3100, 3050#加密市场开年反弹