#美联储降息 $ETH Evening Technical Analysis

From the high of 3446.12 all the way down to 3201.44, the market has been falling sharply and is now hovering around this area with little sign of recovery, showing a weak and volatile pattern. The sentiment in the US stock market is quite冷 today, and confidence in the tech sector has also loosened, which has dragged Ethereum down with it. In the short term, 3180 is a key level—if it cannot hold, there may be a significant volume-driven decline below.

From the candlestick patterns, after the drop, the rebound lacks strength, with MA144 and MA169 both being pressed down, indicating a clear bearish MA arrangement. This suggests that selling pressure remains strong. During the decline, the bodies of the bearish candles are getting larger, indicating that bulls are unable to sustain support, and funds are flowing out.

Currently, market risk aversion is rising, and the cautious sentiment before the Federal Reserve policy meeting is intensifying. The lead decline in tech stocks has further reinforced this bearish outlook. There are no signs of large funds bottoming around 3200, so in the short term, the bears are in control.

**Trading reference**: Consider short positions around 3250-3280, with targets at 3150 and 3100.