The current price comparison is below the midline, within the range between the midline and the lower line, indicating a clear short-term bearish trend; the price comparison is close to the lower line, suggesting a possibility of a rebound, but if the bearish trend continues, it may test the support of the lower line.

In the 1-hour cycle, the previous price comparison saw a significant decline accompanied by a long bearish candle, followed by low-level fluctuations, showing a weak balance between bulls and bears. It is highly likely to continue fluctuating or slowly decline, testing the lower line; if there is a significant rebound that breaks through the midline, there may be a short-term correction.

Ethereum can consider a short position in the 4400-4370 range; target towards 4480.