The current downward trend of Ethereum is significant, with clear signals indicating a shift from rising to falling in the short term: the price continues to fluctuate below the downward trend line without effectively breaking through, and the short-term moving averages and long-term moving averages have formed a "death cross." This technical pattern further confirms that the dominance of bearish forces is continuously strengthening.

Under this trend, each rebound may face pressure from the trend line, making it difficult to establish sustained upward momentum. Overall, it is important to remain vigilant about downward risks, and in terms of operation, one can align with the trend and position based on rebound resistance levels.

Morning operational strategy: short directly at 4150-4200. Target to see 4050.