January 31 ETH Market Analysis (As of 22:30, current price $2533)
24h drop of approximately 8.2%, intraday high of $2765, low of $2505, breaking downwards, panic intensifies, linked with BTC's sharp decline, macro and liquidity factors exerting pressure.
I. Key Levels (USD)
• Resistance: 2580 (small rebound threshold) → 2635 → 2715
• Support: 2500 (intraday critical line) → 2437 → 2380
II. Technical Analysis (1-2h timeframe)
• Price breaks downward, moving averages show a bearish alignment, MACD indicates deep bearish momentum, volume expands, selling pressure is strong.
• Stabilizing above 25
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