Current Market Trends and Short Selling Strategy for ETH (August 18, 2025)

1. Current ETH Market Trends

· Price Trend: ETH has fallen below 4,300 today, hitting a low of 4,230, with a daily decline of over 5%, showing a downward trend in the short term. Previously oscillated in the 4,500-4,700 range, but multiple tests of the 4,700 resistance were unsuccessful, forming a short-term top structure.

· Technical Signals:

· RSI (14): Currently at 72.88 (overbought area), if it falls below 70, it may accelerate the pullback.

· MACD: The 4-hour level golden cross momentum is weakening; if it turns into a death cross, it may strengthen the bearish trend.

· Trading Volume: Recent rebound on decreasing volume, decline on increasing volume, indicating weak buying pressure and bearish dominance.

· Market Sentiment:

· Institutional Capital: The ETH/BTC exchange rate has broken the multi-year downtrend, but short-term capital inflow has slowed, with some whales reducing positions above 4,700.

· Derivatives Data: Funding rates are neutral, with no extreme bullish sentiment, favorable for bearish positioning.

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2. Short Selling Strategy Layout

（1）Key Resistance Levels and Entry Points

· Aggressive Short Selling Zone: 4,400-4,450 (recent rebound high, can enter if stagnation signals appear).

· Conservative Short Selling Zone: 4,300-4,350 (if the rebound is weak, can try shorting with a small position).

（2）Stop Loss Settings

· Aggressive Stop Loss: Above 4,500 (to prevent false breakouts).

· Conservative Stop Loss: Above 4,400 (suitable for entry around $4,300).

（3）Target Support Levels

· First Target: 4,100-4,200 (psychological level & previous low support).

· Second Target: 3,900-4,000 (strong support zone, EMA60 moving average) $ETH #以太坊ETF