Analyst: Ethereum faces challenges at key technical levels, and the volatile trend is expected to continue

According to analyst Charging Duck Army on X, Ethereum formed a bearish candle this week, and the weekly MA30 shows a downward trend. Despite this, ETH is still above the long-term upward trend. The MACD below the zero axis indicates that the downward momentum is weakening. If it can close positively this week, there may be the first MACD golden cross in four months, indicating possible upward momentum.

Before Bitcoin hits new highs, Ethereum may continue to show relative weakness. Grayscale's selling pressure continues but is expected to gradually digest. The daily line shows a small bullish candle with trading volume halved, indicating that the market is recovering from its correction. Although the daily MA30 shows a slight downward trend, MACD indicates strengthening of downward momentum; in short term market might continue oscillating upwards with high probability of price returning above MA30 line. For short-term operations it's suggested to go long at 2490 position and go short at 2540 position while paying attention to timely profit-taking and stop-losses. In coming days if Bitcoin becomes active then Ethereum is also expected to rise accordingly; key resistance levels and support levels need close monitoring.