In short-term analysis, the strong support level around 1900 has turned into a resistance level, with strong resistance at 1930. Since the US stock market hasn't opened yet, the opening may attempt an hourly-level breakdown with a spike. The support below is at 1840. That's why I recommend entering long positions again at least below 1900.

When the structure breaks down, it's only a matter of time before the support level cannot hold. Ethereum is currently falling below the support level around 1900 as planned. Even though there have been several strong rebounds above 2000 in the meantime, I still maintain my bearish outlook. The current K-line trend increasingly confirms my prediction, from the closing price moving below the resistance level to the structural breakdown. Ultimately, we wait and see whether the expected outcome will materialize as anticipated.
Previous dynamic analyses are available for review.