📣2/1 Ethereum Trend Detailed Analysis and Steady Operation Recommendations:



The four-hour chart of Ethereum shows clear bearish dominance, with technical features of oversold conditions followed by weak rebounds. The current price is around $2300. Highs are continuously declining, lows are being refreshed, and moving averages are arranged in a bearish pattern. Rebounds are repeatedly blocked by short-term moving averages, indicating a complete downward structure.

  From the four-hour Ethereum price trend analysis, candlestick patterns: The recent 4-hour candlesticks show significant decline, forming long bearish candles, with the price dropping rapidly from 2410.65 to 2287.92, indicating strong bearish momentum. The daily chart has closed with large bearish candles for several days, especially the sharp drops on January 31 and February 1, suggesting market sentiment is bearish with heavy selling pressure. MACD: In the 4-hour cycle, DIF and DEA are both below the zero line and continue to diverge downward, with the MACD histogram expanding, indicating a clear bearish trend. RSI: RSI(14) is at 17.50 on the 4-hour cycle, in the oversold zone, but no signs of rebound are observed yet, further monitoring is needed to see if the weakness continues. EMA: The current price has broken below EMA7, EMA30, and EMA120, with short-term, medium-term, and long-term moving averages all arranged in a bearish pattern. EMA7 (2429.40) is acting as resistance.

  Support levels: First support: $2350 (key observation level for stabilization or triggering correction) Second support: $2240-2250 (recent lows + volume verification, strong support zone) Lower support: $2000 (psychological level), $1800 (Fibonacci retracement level)

  Resistance levels: First resistance: $2665 (the boundary between bulls and bears, only a firm hold can suggest a continued rebound) Second resistance: $2907-2970 (Supertrend resistance + previous pressure, difficult to break through)

  2/1 Ethereum Steady Operation Recommendations:

  Suggest short positions around 2310-2330, target levels: 2270-2240-2200. Continue holding short positions if the price breaks below 2200!

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