Ethereum on the four-hour chart has clearly faced resistance after hitting the upper Bollinger Band, then shifted to a downward trend. The current price has broken through and penetrated the middle band support, with the trading center continuously moving downward, gradually approaching the lower band. Meanwhile, the Bollinger Bands are converging downward overall, indicating that the bearish momentum is dominant. All technical indicators are weakening simultaneously, and the trend direction is biased bearish.
In terms of strategy, focus on shorting opportunities during the rebound to the 3170–3190 zone this morning, with the lower target looking towards the 3100–3070 range.
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Ethereum on the four-hour chart has clearly faced resistance after hitting the upper Bollinger Band, then shifted to a downward trend. The current price has broken through and penetrated the middle band support, with the trading center continuously moving downward, gradually approaching the lower band. Meanwhile, the Bollinger Bands are converging downward overall, indicating that the bearish momentum is dominant. All technical indicators are weakening simultaneously, and the trend direction is biased bearish.
In terms of strategy, focus on shorting opportunities during the rebound to the 3170–3190 zone this morning, with the lower target looking towards the 3100–3070 range.