Ethereum shows a downward trend on the four-hour chart. Although there has been some rebound, the strength is not significant. Lao Yuan continues to be bearish during the afternoon. The upper resistance can be observed at 4390, while the lower support can be watched at 4060.
If it rebounds to around 4350 or 4320, a short position can be established, targeting 4150. If it breaks below, continue to look down to 4060.
