ETH Analysis

Price surged to 2385.78 and encountered pressure at the upper Bollinger Band, closing with a high-position stagnation candlestick, with obvious weakening of bullish momentum. The divergence rate between MA7 and MA30 is too large, short-term moving average inflection signals are emerging, technical correction demand is strong, and the Bollinger midline serves as key support below.

Short-term profit-taking sentiment is warming, volume at high positions is gradually shrinking, signs of capital outflow are evident, and bullish relay is insufficient.

Fed rate cut expectations have been postponed, U.S. dollar index remains strong, market risk appetite has declined, crypto market sentiment is cautious overall, further suppressing rebound space.

The market has entered a phase of cyclical pullback, short-term bearish pattern is clear, focus on the 2300-2308 support zone, if broken below will further explore near 2274.

Operation Suggestion: Short 2380-2410, target 2300-2200.$BTC $GT