Two-Candlestick Analysis:

A large bearish candle appeared on the 1-hour chart, directly breaking through the middle Bollinger Band and key support levels, indicating the short-term bullish defense line has been breached; the current rebound near the middle band faces obvious resistance, the KD indicator shows a death cross and diverges downward, bearish momentum continues to release, and the trend is entering a weak downward channel.

Market sentiment shows short-term selling pressure is concentrated, buying support is weak, risk-averse sentiment is rising, and the overall weak market mood continues to spread, with rebounds lacking momentum.

On the macro front, the US dollar index remains relatively strong, exerting pressure on risk assets. Coupled with overall market weakness, external negative factors combined with internal selling pressure dominate the market sentiment.

Overall, multiple factors resonate bearish, short-term rebound space is limited. If the price cannot hold above the middle band, a continued downward trend is likely. Trading strategies should focus on shorting rebounds, with support at 2087; if broken, further decline is expected.

Trading suggestion: 2140-2170 range, target 2050-2000$ETH $ETH $BTC