$ETH According to the current market situation, Ethereum has formed a three consecutive bearish trend on the four-hour level, and the price has also broken through the lower Bollinger Band. Currently, the market has dropped below recent lows, and there is no obvious support below. The bears are very strong, completely suppressing the bulls, with no signs of recovery. It is highly likely that the downward trend will continue. From the one-hour perspective, the Bollinger Bands are opening downward, and the space below has been completely opened up. The bears are increasing in volume and have shown a one-sided downward trend. All key support levels below have been broken, so we are optimistic about the continuation of the bearish trend this morning.

Short near 4400 for Ethereum, targeting 4250-4280.