This wave of ETH: The rhythm has turned into 'accelerating down the stairs', but the bears are also getting tired.

The 4-hour structure we see now is typical:

• Long-term moving average (MA30) pressing down, price being pushed down all the way

• BOLL middle track continuously pressing down, K-line basically sliding along the lower track

• MACD green bars repeatedly expanding -> Bears are dominant but the strength is slowing down

What does this represent?

The bears are still in control, but the speed is no longer as fierce as a few days ago.

The market has entered the 'oscillation zone at the end of the decline' (easily piercing downwards to explore further lows, but also easy to suddenly bounce back)

This stage is what experts love the most—because both bulls and bears can quickly and cleanly counter each other.

News:

US Treasury yields remain high + Market risk aversion sentiment intensifies = ETH is unlikely to have a genuine trend reversal.

The current bounce is mostly technical and liquidity-based, not trend-based.

Therefore, sentiment is bearish, rhythm is weak, and structure is bearish.

Long position:

2710 – 2680 range

This is the strong support zone of the previous 4H structure, and going lower is the final bottom area for bulls.

If it pierces down to 2640 – 2620, it belongs to the oversold rebound point, the bounce will be faster, but the risk is greater.

Short position:

Can start shorting near 2875

This is the BOLL middle track area + 4H moving average resistance, the first touch usually goes down.

Stronger short points:

2950 – 2970 range

This is structurally strong resistance, shorting here is 'the meat-eating position'.

An even stronger extreme rebound short point:

3010 – 3040 (unless there is a positive surprise, it’s hard to reach, but if it does, it’s a golden opportunity)

Summary:

Bears are dominant, bulls are supplementary. Short on rebounds, panic buy on dips.

At this stage, you only need to remember: Short when it bounces up, panic buy at low points.