2-2 Morning Ethereum Analysis

From the daily chart perspective, recent market movements have formed a large bearish candle accompanied by a long upper shadow, indicating a weak trend and directly triggering a waterfall-like breakdown. The price has consecutively lost three key support levels at 2600, 2400, and 2300 without resistance, only stabilizing temporarily around 2240. The intensity of the bearish selling pressure is evident, and market panic sentiment has increased.

Looking at the moving average system, a complete bearish alignment has formed, with prices continuously under pressure below all short-term moving averages. Each minor rebound is ruthlessly suppressed by the moving averages, and the bulls have no strength to fight back, failing to generate effective upward momentum. The market is clearly dominated by the bears.

Based on current market sentiment and technical signals, Lao Guo provides specific trading ideas for the second pattern:
In the short term, the market is likely to experience a technical rebound correction, with a short position in the 2320-2350 range, targeting 2200-250. If broken, the next support level to watch is 2100.