$ETH Ethereum's evening outlook remains focused on the high-altitude levels. Do not chase short-term rebounds; instead, watch for resistance and pullbacks.

From the 15-minute structure, ETH surged above 2260 but faced obvious resistance and pulled back. Continuous bearish candles at high levels indicate strong selling pressure overhead. This rally is more driven by sentiment than a trend continuation. Currently, the price has broken below the short-term moving averages, with MA7 crossing below MA30, signaling a clearer short-term weakening.

Regarding Bollinger Bands, after losing the middle band, the bands are moving downward, with the lower band gradually opening up, indicating space being released. The price is near the lower band, continuing the weak trend. In terms of volume, there was increased volume on the surge and on the pullback, showing clear signs of profit-taking.

The MACD has formed a death cross at high levels and continues to expand, indicating bearish momentum is being released. The KDJ is at a low level but has not shown a confirmed turn, suggesting further downside may be needed in the short term.

Rebound near 2230, then short
Target: 2190-2150

A rebound is an opportunity to short. Before the trend changes, avoid rushing into long positions. Do not chase shorts at low levels!