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$ETH 1.14 Evening Analysis
ETH current price shows a clear downtrend on the 1-hour chart, with bearish candles dominating the K-line pattern. The price continues to operate below the short-term moving averages and the middle band of the Bollinger Bands. The MACD indicator is in a bearish alignment, with expanding green bars indicating accumulating downward momentum. During rebounds, trading volume remains weak and unable to resist selling pressure. Key support levels are being tested repeatedly, while resistance layers above suppress upward movement, with no effective signals for a breakout. Short-term correction pressure remains, and a break below support could trigger further decline. Caution is advised in operations.
Suggestion: Short at 3350–3300, target: 3250, 3200, 3150#Gate广场创作者新春激励