Recently, the support and entry points I've shared with everyone have been quite well grasped. Today, let's take a different perspective and look at the small-scale trend—1-hour timeframe.

The 1-hour timeframe mostly reflects the market rhythm of the day.

From the trend, due to the BTC weekly MACD showing a death cross, it has caused quite a bit of panic in market sentiment, so ETH is likely to maintain a consolidation pattern this week.

The range is approximately 4300 – 4600, with a fluctuation of 300 points back and forth.

However, it is important to note that in a consolidation market, the risk of going short is often greater than going long. The likelihood of a short position getting liquidated is always higher than that of a long position, so it is recommended to primarily buy low instead of blindly going all-in on shorts.