The short position was closed at 75% at 4293, keeping 25% to continue defending, maintaining a bearish outlook, but the support level has been adjusted. The last line of defense is now 4160, so aggressive longs can build the first batch of positions at 4180, with 4150 defending the second position, holding a maximum of 50%. A stop loss at 4100, and no take profit for now. If 4150 is broken, it may continue to drop to find support level.

The rebound is still too weak. From the data, some short positions have already taken profits, and the funding rate has surged within 30 minutes, with an increase in long positions. On the news front, ETH still faces unlocking, and at least the bears will not miss this opportunity to operate. I still insist on shorting, checking if effective support can be established near the 4200 level. For short-term trades, consider shorting near 4370 with a stop loss at 4410. Long positions are not currently being considered.