From the 4-hour chart, after indicators surged high in the earlier phase, they began their journey of correction. In a certain key indicator area, the bulls repeatedly attempted to push higher but all ended in failure, which made the upper bound of this area a formidable resistance level.

When the indicators slowly approach this resistance again and fail to break through successfully, from a technical analysis perspective, this undoubtedly provides some theoretical support for taking short positions.

Operation: Short 2440-2460

Target: Around 2340-2360 $ETH