Donovan_Tang

ETH/USDT Perpetual Contract 1-Hour K-Line Chart
1. Price Movement: ETH dropped rapidly from the high of $3307.82 on January 6th, with the price at $3099.04 at 20:00 on January 8th, a decline of 2.17% for the day, showing a clear short-term downtrend.
2. Market Correlation: The interface also displays the trends of other cryptocurrencies such as SOL, COIN, MSTR against USDT, as well as the Nasdaq Index and its futures CFD data, reflecting the monitoring perspective of the correlation between the crypto market and US stocks.
3. Technical Indicators: The chart marks key support/resistance levels

#ETH ETH
The current trend lacks volume, showing a weak and bearish bias. At the current position, a break below 3148.69 on the 1-hour candlestick can be considered a short opportunity. The initial target is around the 2600 level below.

ETH
The current trend lacks volume, showing a weak and bearish bias. From the current position, a break below 3148.69 on the 1-hour candlestick can be considered a short entry, with the initial target around the 2600 level #ETH

#ETH Ethereum is currently trending bearish, repeatedly testing 3300 without stabilizing, with a pullback to below 2600. The current all-time high is 3440. It is recommended to short on pullbacks and reduce long positions accordingly.

#ETH Ethereum is currently trending bearish, repeatedly testing 3300 without stabilizing, with a pullback to below 2600. The current all-time high is 3440. It is recommended to short on pullbacks and reduce long positions accordingly.