Short-term Downtrend Channel Strategy

Current Status
The secondary asset is in a clear short-term downtrend on the 1-hour chart. Price has pulled back from the 2385.78 high and is currently trading around 2062, with bearish sentiment dominating the market.

Core Technical Signals
Moving Averages & Trend: Short-term EMA lines are all diverging downward with price trading below the moving averages, forming a typical bearish alignment. The upper band of the descending channel shows clear resistance, while the lower band points toward the 2000 round level.

Indicators: MACD lines have crossed bearishly below the zero line and continue to run negative with green histogram bars releasing bearish momentum. Trading volume has contracted compared to prior periods. While selling pressure has weakened in phases during the decline, insufficient buying on rebounds suggests weakness.

Key Price Levels: First support at 2000, with second support at 1918.39 after breakdown, and deep support at 1806.25. Resistance above near 2097.37.

Trading Strategy & Risk Management
Short Strategy: On rebounds to the channel upper band (2100-2120 range), enter shorts with stop loss above 2140, targeting 2000 and 1918.

Long Strategy: Aggressive traders can take light positions at 1918 or 1806 support on volume shrinkage and stabilization signals, with stops at corresponding lower levels, targeting 2050-2100.

Risk Control Core: All entries must have stop losses. Current market volatility is severe—prioritize risk management above all else and avoid holding losing positions.

Short-term action remains characterized by volatile downtrends. Monitor the effectiveness of the 2000 support level; breakdown suggests further downside. Breaking above the channel upper band would be needed to reverse the trend. #ETH