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$ETH ETH is in a very strong downtrend after breaking the important support area around 1,900–1,850 USD. The long bearish candle with increasing volume shows that selling pressure still dominates. Notable signal: ● The current price is about 1,591 USD, close to the 24-hour bottom at 1,538 USD. ● All MA5, MA10, MA20, MA30, MA60 and MA120 are above the price → the medium and long-term downtrend is still very clear. ● MA5 is at around 1,723 USD, becoming the nearest resistance. ● Selling volume increased sharply in recent declines, indicating that cash flow has not returned positively. Transaction scenario: ● Buy to catch the bottom: High risk, only suitable when there is a clear reversal signal around the area of 1,530–1,550 USD. ● Safer buy: Wait for ETH to close the daily candle above 1,720–1,750 USD and the volume improves. ● Resistance: 1,720 USD → 1,850 USD → 1,980 USD. ● Support: 1,538 USD, if the break can continue to fall to the area of 1,450–1,500 USD. Conclusion: Currently ETH is still in a sharp downward trend. There is no confirmation signal to create a bottom, so priority should observe or wait for a clear recovery signal instead of buying and chasing. Short-term investors need to strictly manage risk if they participate in catching the bottom.