#以太 Ethereum's short-term pressure is high, the 4390 position is a key defense line for both bulls and bears.
In the short term, Ethereum's performance is weaker than Bitcoin, with a 'Evening Star' bearish pattern appearing on the 2-hour chart, compounded by continuous long upper shadows and large entity bearish candles, resulting in increasing selling pressure above.
From a technical perspective, the 4390 area has multiple layers of support, forming the core defense line of the current market.
If the 4390 support fails, the downside may further open up, with the target aiming directly at the 4100 area; if this level stabilizes, it may be viewed as a signal for short-term positioning.
The current market is at a critical decision point, so close attention should be paid to the gain or loss of the 4390 level. If it stabilizes, it is an opportunity for positioning; if it fails, risks need to be strictly controlled.
