Ethereum Morning Analysis: From the technical indicators at the 4-hour level, the current market is facing significant short-term correction pressure, showing an overall bearish pattern. As the end of the month approaches,
the 4-hour chart shows a rebound after a double bearish correction encountering resistance at the upper Bollinger band, with no KDJ golden cross appearing, and upward momentum is weak. The morning suggestion is to short at high levels with a proper stop loss.
It is recommended to short Ethereum around 2530—2560, looking down at 2440-2360.
