Detailed analysis of Ethereum trends and suggestions for sound trading strategies (2/5):

Ethereum is clearly in a downtrend on the 4-hour chart, with the price around $2125, a 24-hour drop of about 6.5%, fluctuating between $2075 and $2296. Trading volume is high, rebounds are weak, and the market is dominated by sellers. The 4-hour chart shows a standard descending flag pattern, with lower highs and lower lows. The moving average system is bearish, and the price continues to trade below the moving averages. Each rebound is met with resistance from the moving averages, indicating a typical weak structure. The RSI indicator has entered oversold territory, but lacks significant volume support, suggesting a continuation pattern rather than a reversal signal, with bearish momentum still being released. Moving average system: On the 4-hour chart, the MA5, MA10, and MA20 moving averages are all diverging downwards, and the price is far from the moving averages, indicating strong bearish pressure. Trading volume: High trading volume during the decline, but insufficient volume during rebounds, indicates heavy selling pressure and weak buying support. Bollinger Bands: The price is near the lower Bollinger Band, and the widening bands indicate increased market volatility and further downside potential in the short term. Support Levels: First support level: 2070-2100 (intraday low area, key battleground between bulls and bears in the near term) Second support level: 2000-2050 (strong support, psychological level + important technical level on the weekly chart) Resistance Levels: First resistance level: 2200-2220 (bottom of the previous consolidation range, primary resistance for any rebound) Second resistance level: 2250-2280 (a watershed for a potential trend reversal; a break and hold above this range is necessary for a potential trend reversal) Ethereum Trading Recommendations: Short Strategy: Consider shorting at 2130-2150, with targets at 2100-2070-2040 USD. Hold short positions if the price breaks below 2000. This strategy is time-sensitive; implementation will primarily rely on free guidance!