Today's market analysis - ETH

The market started to fall by 2% at 12:00 pm. When it approached 2500 on the 8th and 9th, it encountered strong resistance. At present, from the perspective of the 4-hour line, the market trend has turned to bearish.

From the perspective of the daily and weekly lines, it is still in the bearish stage. The 4-hour line has also shown a downward trend. If it does not stop falling, the bearish momentum of the daily and weekly lines will continue. To reverse this downward trend, the price must break through 2500 to end this wave of continuous decline.