Wednesday Morning ETH Market Observation

From the 4-hour K-line chart, there has been a noticeable upper shadow recently, indicating that selling pressure above is indeed significant. The daily MACD has also turned — the histogram shifted from positive to negative, which usually signals that a short-term bearish consolidation may be underway. Several technical signals are pointing in the same direction, so a cautious approach is more prudent.

For this morning's trading strategy, it is recommended to primarily focus on short positions. Specifically, consider shorting in stages within the 3290-3320 range, with a stop-loss around 3180. If you are an aggressive trader, you can build positions gradually, but always remember to set stop-losses to ensure more secure trading.