Brothers, Uncle Feng summarizes the afternoon ETH:

1. Current Price & Key Levels

ETH is reported at 4430-4515, support at 4380-4400, resistance at 4550-4600, stuck at the volatility threshold.

2. Bearish Signals

• 4-hour MACD is weak, RSI at 46 is bearish, rebound is weak;

• Bollinger middle band at 4510 acts as resistance, breaking it could accelerate a pullback;

• Super trend at 4740 maintains a bearish outlook.

3. On-chain & Funding Pressure

• A giant whale (like Cumberland) transferred 25,200 ETH to exchanges, which may increase selling pressure;

• Over 1 million ETH (4.666 billion USD) withdrawn from staking, with a withdrawal period of 17 days, strong profit-taking;

• The overall funding rate is negative (OKX reached -0.0057%), with bears in dominance.

Uncle Feng suggests shorting around 4590−4610, targeting 4530−4450.

However, the crypto market changes rapidly, so be sure to implement risk control and set reasonable stop-losses.

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