Key watershed
- 4245: The core point for long-short division in the short term. If it holds, a 1-hour level rebound is expected to start; if it doesn't hold, it leans towards continuing the adjustment.
Above the watershed (bullish scenario)
- Support basis: After holding 4245, this position becomes the key support for short-term rebounds and must be maintained to push towards the pressure level.
- Upper pressure levels: 4305, 4345, 4400 (step resistance during the rebound, must break through sequentially to open up upward space).
Below the watershed (bearish scenario)
- Direct support: 4161 (the near-term support for the first decline; if lost, the adjustment risk increases).
- Further support: 4110, 4060, 4010 (if it breaks 4161, these positions will become subsequent step support references).
Summary
1. Function of the watershed: 4245 is the core for judging the short-term trend direction; its breakout or pressure directly determines the operating logic—if it holds, look bullish; if pressured, look bearish.
2. Long and short strategies:
- Bulls need to pay attention to the rhythm of breaking pressure levels after holding 4245, with support set at 4245 as the short-term bottom line;
- Short positions need to be cautious about whether 4245 can hold effectively. If it breaks the support level downwards, track the defensive strength of the lower step support.
3. Key reminder: Short-term operations need to closely monitor the long-short battle result at 4245, combine trading volume and market sentiment for comprehensive judgment, and plan stop-loss and take-profit strategies well~$ETH #以太坊走势分析 
