Ether Technical MACD Indicator: A death cross has formed on the daily chart, bearish momentum is strengthening, and short-term adjustment pressure is significant.
Bollinger Bands: The price is approaching the lower band; if it effectively breaks below, it may accelerate downward.
Key Resistance Level: There is dense selling pressure around 4267, having been tested multiple times without success, forming strong resistance.
Support Level Observation: 4160 serves as short-term psychological support, but if it breaks down with increasing volume, further declines are expected.
Operational Suggestions:
Short Position Opportunities: If a rebound occurs in the 4330-4360 range and faces resistance, consider gradually positioning short, with the first target at 4250, the second target at 4160. If market sentiment worsens, it could drop to the 4000 level.
