Ethereum's recent performance has indeed been strong, but from the 4-hour chart, the situation has become a bit complicated. A downtrend is forming, and selling pressure above is also increasing — indicating that institutions and large investors are quietly withdrawing.



From a technical perspective, it's unlikely that the market will have a major move in the near future, more likely a pattern of oscillating downward. Coupled with the fact that the US stock market has not fully stabilized, the probability of continued selling is quite high. In this environment, a bearish approach is more reasonable.

The first target for Ethereum in the near term is around 2890; if this level is broken, it could head straight to 2850. The probability of short-term oscillating downward movement is high, so close attention should be paid to changes in trading volume and institutional holdings. The subsequent policy directions from the Federal Reserve FOMC meeting will also have a significant impact on overall market sentiment.

This period is more suitable for observation than blind trading, waiting for clearer signals before making decisions.
ETH1,75%
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ReverseTrendSistervip
· 5h ago
Institutions are quietly running away, while retail investors are still buying in haha --- Breaking 2890 means we have to watch 2850, feels like we're about to start the back-and-forth again --- Waiting for signals is a good point, don't rush to go all in, the Federal Reserve hasn't fully committed yet --- The bearish idea isn't wrong, but it feels like the bottom isn't far off, it all depends on who can hold on --- The US stock market isn't stable yet, ETH will definitely suffer along with it, this wave needs careful observation --- Big players are all withdrawing, and we're still hesitating whether to buy or not, hilarious --- Technical analysis shows oscillation and downward movement... just the usual cycle of chopping the leeks
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BlockchainFriesvip
· 5h ago
Institutions are running, so let's not just stand here foolishly. --- It's the Federal Reserve again and dumping the market; when will this mess ever end? --- Breaking 2890 and heading straight to 2850? Sounds like a roller coaster. --- I'll just watch quietly; anyway, whatever operation now is all risky. --- The 4-hour chart indicates that we should wait for clearer signals before speaking. --- Major players have already withdrawn, and we're still here buying in? Forget it. --- A downward oscillation is a test of who can hold on. --- If the US stock market isn't stable, don't expect any trends; this logic isn't wrong.
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TokenomicsDetectivevip
· 5h ago
The institutions are running, I should run too... Wait, I haven't closed my short position yet.
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