ETH, in the four-hour chart, the medium-term trend shows that ETH is in an oversold state, but the rebound potential is limited.
The MACD indicator remains negative and continues to decline, which leans towards a continuation of the bearish judgment.
Bearish momentum is continuously being released, and the price is consistently moving down along the moving average system.
It is recommended to short at 2530-2550, with a target of 2400!
