$ETH Core Trend:
Daily chart shows high-level fluctuations, but after yesterday's sharp decline, the structure has turned bearish, and there is a risk of downward break.
Market Prediction:
After the current 4-hour level sideways movement ends, it is highly likely to continue downward. Any rebound may just be a temporary "trap for buyers" and is not sustainable. A safer operation is to wait for the price to break below the current low before following up.
Operational Suggestions:
1. For those holding long positions: You should exit at a high within 24 hours. If the position is heavy, it should be reduced immediately and not held for long.
2. Key Levels:
· Short-term Resistance: 4275 - 4350 (area for exiting long positions, do not expect a rebound to this level)
· Short-term Support: 3988 - 3940
· Potential Rebound Area (second support): 3855 - 3720 (only applicable for short-term rebounds after sharp declines, not for the current price area)
Summary: Overall bearish, enter long on rebounds, follow short on breakouts.
