The multi-indicator resonance on the 4-hour level of Ethereum $ETH shows a weakening upward momentum. The MACD has formed a death cross, enhancing bearish momentum; the price is hindered by a key resistance zone, and has begun to pull back from the upper Bollinger Band towards the middle band. If it breaks below the middle band, it will strengthen the bearish trend; there is a risk of a high-level death cross in the KDJ indicator, and the RSI shows a top divergence indicating exhaustion of the upward movement. The strategy suggests shorting on highs, which can be laid out when the price cannot stabilize above the middle band or when the MACD and KDJ signals further confirm, with stop-loss levels referencing previous highs and above the upper Bollinger Band. The initial target is 3700, followed by the 3620 and 3480 ranges, while adjustments to positions should be made in conjunction with larger trend levels and market news.