We need to take a good look at this wave of ETH market movements in the early morning.

From a technical perspective, ETH has obviously been losing some momentum recently. Take the MACD indicator, for example; the bars are slowly getting thinner, which is not a good signal, indicating that the bulls are running out of steam while the bears are secretly gathering strength. Also, the KDJ is almost in the overbought zone, so a price correction at this point is quite normal. Looking at the candlestick pattern, the previous high position candlestick has a long upper shadow, clearly showing that there is considerable selling pressure above, and the bears have already begun to exert force.

As for the funding aspect, although ETH has always been favored by capital, it seems that many large funds have been pulling out recently. When the positions of those large institutions and investors change, it is very likely to trigger more people to sell, which would further intensify the bearish atmosphere.

Trading suggestion: Consider shorting around 4350, with the first target being 4270. If the price continues to drop, then look at around 4240. However, if it breaks through 4390, then adjustments to the strategy will be necessary.

Of course, market conditions change rapidly, and trading carries risks. Everyone must manage their risks well and set stop-losses. The above suggestions are for reference only. #ETH🔥🔥🔥🔥🔥🔥