Let's break down the short-term tactics of the ETH operators in detail, and why the level is set around 4260. Just mentioning this once.

After ETH broke below 4500, it has hit a new recent low, which basically confirms that it is still following the 'three-wave downward' pattern, and it's becoming increasingly obvious. How to understand:

/ First wave down: drops about 7%, then rebounds 5%

/ Second wave down: still drops 7%, then rebounds 5%

/ Third wave?

According to common tactics, it usually goes through three waves. The third wave would drop around 7%, with the level around 4260. After that, it either rebounds immediately or consolidates after rebounding.

I mentioned this logic yesterday; you can look back at it. At that time, I thought that if I were to operate, there would definitely be another drop of around 7% to wash out the floating positions again and confirm that the market is clean.

Is it possible to make a wrong judgment? Of course, it is possible. I am just making a guess based on experience and understanding of the operators' habits. For reference only, mentioning this just once.