The short-term trend of Ethereum is clearly bearish. Each rebound is blocked at the 0.618 level, and there are currently no signals to go long.

Next, let's wait for the position of the blue line below. If considering shorting, 4400 can be an option, which is also at the 0.618 level. As it stands, to break this bearish trend, it needs to rise above 4570. Currently, it's only at #ETH .