The current daily chart for ETH shows a clear short positions trend, with multiple technical indicators resonating downwards. The key strong support levels to follow are 3730, 3645, 3200, and 3050 USD respectively. The weekly chart presents a weak structure of "one break, one down," with some rebounds in between but overall under pressure. In the absence of favourable information to stimulate, the price is expected to continue the downward trend on the weekly chart, with each rebound being an opportunity for shorting.

Operating Strategy:

· Short position entry: You can gradually place short positions as the price rebounds to the 3920-3950 range, with a stop loss set above 4000 USD to avoid false breakouts.
· Target level: The primary short-term target is 3740; if it breaks down, further support is at 3650. If the price stays and rebounds within the range of 3770-3810 in the evening, it can be seen as a second shorting opportunity.
· Technical Reference: The strength of the rebound can be combined with the dynamic resistance level of the MA5 moving average on the 4-hour chart as an entry signal. If the moving average continues to decline and the price cannot stabilize, it reinforces the shorting logic.

Technical validation:

· The daily chart moving average system is in a short positions arrangement, and the MACD indicator is below the zero axis with a bearish crossover.
· The weekly MACD has entered the negative value area, and historical data shows that similar patterns have previously triggered a 46%-60% deep correction.
· Recently, the price has repeatedly faced resistance around 4060 and has fallen back, forming a local double top structure. After breaking below the neckline support, it further confirms the short positions momentum.

Market Sentiment and Risk:

· While institutions remain optimistic in the long term (e.g., Tom Lee and others maintain a $10,000 target), the short-term market sentiment index has dropped to the "fear" zone, and the reduction in open interest in derivatives reflects a contraction in long positions liquidity.
· If the price unexpectedly breaks through 4050 and stabilizes, be wary of short positions traps, and the trend needs to be reassessed at that time. #ETH⁩ #以太坊 #web3