$ETH The most critical moving average at the moment is the 6-hour MA200 at 2052.98, with price currently running just below it—this is the first defensive line for the bears. Entry logic: patiently await an upward bounce in price to test higher-level moving average resistance zones above (such as the 15-minute MA60 at 2071.64 or the 30-minute MA20 at 2067.38); if stalling signals appear (such as upper wicks or volume-price divergence), it presents an opportunity for a small position short. Stop loss should be placed above the 1-hour MA60 at 2119.76 to guard against a strong price rebound. Profit targets in sequence downward: first target at the lower edge of the moving average confluence zone 2035 (near the 4-hour MA256), second target at 2006 (4-hour level support).

If price unexpectedly closes above 2075 with volume, the short logic fails and may test the 2120 resistance level upward; if price effectively breaks below the 2035 support zone, the downtrend continues and additional shorts could be considered after a bounce.