Technical analysis of Ethereum on a 4-hour level for $ETH . The Bollinger Bands show that the price has retreated from above the middle band to below it. The current candlestick has a long upper shadow after a spike, reflecting heavy selling pressure around 3750. Additionally, the flattening opening suggests a potential downward breakout. The KDJ indicator has formed a death cross, with all three lines moving downward simultaneously, and the J value has entered a weak zone, indicating that rebound momentum is exhausted. The RSI indicator has turned downward, indicating a decline in bullish strength. Key support levels to watch are 3660 and 3600. In terms of trading strategy, aggressive traders may consider shorting in the 3750-3760 range, with targets set at 3660 and 3600.
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