Volume declines during the downtrend, very low volume during the rebound, with bearish strength dominating.

MACD green bars continue to expand, RSI(14)=38.68 (weak zone) KDJ has a death cross and is diverging downwards.

The price has broken below the key support level of 4605, but looking at the daily chart, there is no clear reversal signal for the overall trend.

However, we suggest focusing on short-term and medium-term trades, as most long positions are difficult to hold, so small investors should not consider long positions.

Currently, the outlook is bearish, prioritizing stability.

Short Selling:

Around 4605, this is the key level. If a bearish engulfing pattern or a long bearish candle appears, and the one-hour MACD green bars expand again while RSI rebounds to 50 and then heads down, this is a signal to open a position!!! This does not mean you should short at this price!!

Stop-loss price: 4630 (break above the 1-hour EMA120, confirming bullish reversal).

Take profit price: First target 4455 (24h support), second target 4350 (strong four-hour support). Stop-loss at 4630 means stabilization, not just based on the price reaching it. If you don’t understand, look up effective breakouts and stabilization. I posted something earlier that you can check for entering in three batches.

Going Long: Entry price: 4460–4500 (accumulate in batches).

Stop-loss price: 4400 (break below the 24h support, confirming continuation of the bearish trend).

Short Selling Profit Probability: Approximately 60%–65% (short-term trend is clear, resistance at the pressure point is effective).

Going Long Profit Probability: Approximately 50%–55%, waiting for confirmation of the support level.

Summary: Short selling is more suitable in the short term, entering at the rebound pressure level; going long requires waiting for the support level to stabilize clearly. Prioritize short selling, with strict execution of stop-loss and take-profit. $ETH