ETH bears once again follow the big market downward, breaking below 4550 with increased volume.
The overall news-driven rally has basically come to an end. It is retracing to the previous starting point. Bulls have the desire to rebound and attack. The overall average has been brought down by the weakness of the big market.
Small levels maintain weak low-level fluctuations, and the rebound is relatively weak. Pay attention to the price performance when it retests the support around 4300.
There is an expectation of a short-term oversold rebound. Short positions entered at low levels need to be quick to take profits.
Upper pressure: 4577/4647/4709
Lower support: 4366/4324/4253/4164