The divergence appeared at the hourly level of Ethereum $ETH , and the subsequent rebound is getting weaker, with the price about to test the middle support.

Ethereum has detached from the previous consolidation phase and is now entering a correction phase, so it's possible to look for a position to short at high levels. The intraday rebound resistance is in the range of 4320 to 4380; those looking to short can enter in batches.

The take-profit levels below are 4200 and 4160. If it breaks below, it can continue to look towards 4090.