ETH is very close to the large-scale suppression, and there is a possibility of further decline. The trend is basically consistent with the forecast.

From the 4H level and above, the trend structure has not changed from what I said a few days ago, and it is mainly bearish. Even if it rebounds, it is difficult to continue to rise due to the suppression from above and the trend structure.

From the 1H level and the following levels, it experienced a small correction at night, and there may be a small rebound around midnight. The main focus is to lower expectations and watch the market for a rebound after a new low. The reference points are as follows:

Short-term

A sharp drop to grab the rebound range, near 2200, take a look at the 2340 line