As mentioned yesterday, the ETH daily chart has shown a divergence in the upward trend. If the 4-hour midpoint is fully constructed, the probability of a larger divergence approaches 100%, and a major decline will begin.

Last night, Ethereum surged again, but was subsequently driven down. The strength of this pullback is quite significant, and the starting point from last night has been completely consumed, and this short-term pullback has not yet ended.

In this case, the second 4-hour midpoint's third segment is stronger than the previous two segments, suggesting there is a higher probability of another rally, but it won't break last night's high.

Next, we need to focus on how the 4-hour rebound ends. If it breaks last night's high, we will definitely short it without discussion; if it doesn't exceed 2879, then we need to short with a stop loss, and pay attention to whether the subsequent pullback can break today's low.

Moving forward, just keep an eye on the 30-minute chart, and after another drop, observe the strength of the rally.