Dear fellow friends, $ETH currently 4H / 1H is relatively cautious and bearish, waiting to see if it holds 4520, then confirm the strength of the intraday rebound.

Let's take a look at the specific structure:

✨4H

• Current trend: The overall structure is still bullish, but recently has shown a decreasing high point (HH → LH), resulting in divergence.

• Structure: 4H has entered a small divergence stage, but has not completely deteriorated.

• Sentiment: The bearish momentum of 4H is strengthening, and the main force seems to be accumulating near 4520, possibly preparing for a second surge.

• Key:

• Support: 4520, if it fails to hold, the bears will further probe down to the 4300 area.

• Resistance: 4680, once broken, it can push to 4800.

✨1H

• Current trend: 1H has completed the BOS breakdown and has retested the EQ area.

• Structure: Bearish, but belongs to a small intraday divergence, and the downward momentum may be close to release.

• Sentiment: Short-term bears are dominant, but there is a need for a rebound correction.

• Key: Pay attention to whether 4600 – 4620 is reclaimed; otherwise, it will retest 4450.

✨Key positions

• Upper resistance: 4680 – 4720

• Lower support: 4520 (current key defense), if it fails, then 4450, 4400, 4300.