In the morning, Ethereum declined from around 2970 in a single-sided downward trend to approximately 2784, a drop of nearly 190 points. Currently, it is consolidating weakly around 2800. The technical outlook shows a clear bearish pattern: the price has effectively broken below the key support zone of 2850-2880, the daily moving averages are in a death cross, the 4-hour Bollinger Bands are opening downward, and the MACD momentum below the zero line is expanding, indicating the continuation of the bearish trend.

Key resistance has shifted down to the 2850-2880 area, with support levels at 2750 and 2700 to watch below. Although short-term indicators have entered oversold territory, the rebound momentum is clearly insufficient. Any rebounds to the 2840-2860 zone can be viewed as shorting opportunities, with the 2900 level serving as a risk control reference.

Overall, as long as the price does not effectively recover above 2850, the trend remains dominated by bears. If the rebound weakens, the market is likely to further test the 2750 support area. Caution is advised regarding technical rebounds in extreme conditions, but any rebound that fails to break through the core resistance zone provides a new entry point for bears. #黄金白银再创新高 $BTC