$ETH Ethereum Bearish Analysis: The current price of Ethereum is 4275, which still belongs to the range. The pin broke down a bit, but from technical analysis, we need to look for bullish signals at the lower edge of the range. Our reason for being bearish is that the bullish entry rate and entry time at the lower edge of this fluctuation range have significantly increased, and the positive non-farm data has led to more bulls chasing than at any other time in the past few days. Moreover, the trading volume at the 1-hour and 4-hour levels also far exceeds the volume during the previous drop to the lower edge of the range at 4480. Considering the high bullish entry rate around 4290-4260, the current rebound strength is relatively weak. We are still temporarily more inclined to be bearish, as the risk of chasing shorts near the lower edge of the range is indeed quite large, but the profits from a one-sided drop after a breakout are also very considerable. If the risk-reward ratio meets the criteria, proceed, and just leave the last line of defense to the stop loss only.