$ETH From the current market perspective, the four-hour level is near the zero axis, with red and green bars alternating slightly, indicating a short-term exhaustion of momentum. EMA7 and EMA30 are continuously intertwined, presenting a neutral oscillation signal, with 106500 becoming the dividing line for strength in the afternoon. Ethereum has formed a triple top resistance, with a bearish short-term structure. In the afternoon operation, Lao Chen suggests a high short strategy; if the rebound is successful and stabilizes, then change the strategy. If it breaks down, continue to pursue shorts.

Wednesday afternoon strategy:

Short Bitcoin near 106600-106800, target 105000.

Short Ethereum near 2470, target focus on 2400.