After a weak rebound near 3570, ETH continues to weaken and starts a pullback decline. After breaking below the low consolidation area, bulls made a false breakout after a volume-contracted rebound, followed by a continuous increase in selling volume.
After breaking below 4320, bulls continue to weaken. There is an expectation of a small-level oversold rebound; observe the strength of the rebound after the stop decline stabilizes, and try shorting with a light position.
The daily line retracement has not ended yet; observe whether the major-level support around 4150 can effectively hold.
If the pullback continues to break below support, quick action is needed to take profit.
Resistance above: 4380/4480/4570/
Support below: 4240/4150/4075/3905
#ETH
