Ethereum experienced a rebound last night due to favorable news, but by the latter half of the night, its momentum showed signs of fatigue. Several attempts to rise were unsuccessful, creating numerous upper shadows. Overall, market liquidity remains tight, and without external influences, short-term prices are unlikely to establish an independent trend, as the controlling forces still firmly grasp the market pulse.

On the four-hour level, when the price reached the upper band of the Bollinger Bands, it faced a significant setback and quickly turned downward, breaking through support levels with increased volume and penetrating the lower band defense. Formerly strong support has been lost, with both short and medium-term moving averages trending downward, clearly indicating a bearish arrangement.

Ethereum: 2821 short, targeting 2741, with a defense of 40 points $BTC $ETH