#ETH Price Stabilization Decline, Bearish if below 4753 in 4 hours, Support to focus on the 4-hour moving average around 4593.

Today's Ethereum Market Analysis

Currently, after breaking the previous high to reach a new high, it has started to pull back, and the downward trend is still continuing. The next possible position can be seen around 4580, and further down around 4495. As for the rebound position, it needs to rise above 4670 again.

Short-term operations can focus on the continuation of bearish trends. Ethereum is currently different from Bitcoin, so the operations also differ. The focus is on short positions for Ethereum; if it does not rise above 4670, long positions can continue to be held.

Short-term trading:

If it continues to break below 4650, it may test the support range of 4600-4550, where low buying opportunities can be monitored.

If the price stabilizes above 4650 and a strong bullish candlestick appears, a short-term rebound position can be attempted, targeting 4715-4750.

Medium-term layout:

It is recommended to wait for confirmation of support around 4600-4550 before considering gradual accumulation.

If it breaks above 4750 with volume, it is expected to repair the trend and challenge the 4800-4880 area again.

Market Structure and Trend

ETH failed to rise to 4957 → Continuous decline → Currently testing 4650, entering a phase of weak structure.

Moving averages are in bearish arrangement, and MACD is continuously enlarging green bars, indicating an overall bearish trend.

However, the RSI has entered the oversold zone, and the short-term downward space is limited, which may lead to a rebound at any time.