ETH Midday Observation: Bearish After Rebound

From the 4-hour chart, after a recent rebound, various technical indicators for ETH price show certain bearish signals. Although the current price is at a high following the rebound, the MACD histogram is gradually shortening, indicating that bullish strength is weakening and upward momentum is insufficient. At the same time, the KDJ indicator is also showing signs of turning downward in the overbought zone, suggesting that the short-term market may face adjustments.

In terms of trends, there is strong resistance around 4390 - 4360. The price has attempted to break through this area multiple times without success, forming a clear pressure zone. If the price cannot break through the resistance and continue to rise, it is very likely to trigger a bearish counterattack.

Operation suggestions recommend considering short positions around 4390 - 4360, with lower targets looking towards 4200 - 4100. Please manage your stop-loss according to your own needs. #ETH走势分析