2-2 Morning Ethereum Analysis

From the daily chart perspective, recent market movements have shown a large bearish candle accompanied by a long upper shadow, indicating a weak trend and directly triggering a waterfall-like breakdown. The price has consecutively lost three key support levels at 2600, 2400, and 2300 without resistance, only stabilizing temporarily around 2240. The intensity of the bearish selling pressure is evident, and market panic sentiment has increased.

Looking at the moving average system, a complete bearish alignment has formed. The price continues to be pressured below all short-term moving averages, with each minor rebound being ruthlessly suppressed by the moving average resistance. The bulls have no strength to fight back, and there is no effective momentum for a rebound. The market is clearly dominated by the bears.

Based on current market sentiment and technical signals, Lao Guo provides specific trading ideas for the second pancake:
In the short term, the market is likely to experience a technical rebound correction, with a short position in the 2320-2350 range, targeting 2200-250. If broken through, the next target is 2100.