Ethereum's surge failed to stabilize, and the downward trend may continue!

Ethereum's four-hour chart shows a weak rebound after an oversold condition, with the downtrend remaining unchanged. The price is oscillating near key support levels, with insufficient upward momentum, and the risk of a second dip should be noted. Candlestick pattern and structure: The overall structure forms a downward-moving resistance pattern. The previous rebound to around $3033 was met with resistance and a pullback, indicating weak bullish strength. The recent large bearish candle broke below the key support of $2300, and the price is currently consolidating within a $2280-$2350 range. This weak consolidation is likely a technical rebound followed by further declines, or a prolonged period of sideways movement followed by a drop. Moving average system: Short-term, medium-term, and long-term moving averages are in a bearish alignment. The price has broken below the EMA7, EMA30, and EMA120. The EMA7 (around $2429) forms strong resistance, making a significant rebound unlikely. MACD: The DIF and DEA lines continue to diverge downwards below the zero line, with the histogram expanding, indicating a clear downtrend and no golden cross signal yet. Strong resistance: 2390-2400; Weak support: 2280-2295 (lower edge of recent sideways movement; a break below this level will open up further downside potential); Strong support: 2221-2250 (near the intraday low, a key short-term defense level). Trend judgment: The four-hour chart is dominated by bears. The current movement is merely a technical rebound after an oversold condition and has not yet formed a reversal signal. A trend correction can only be confirmed after the price stabilizes above key support and breaks through resistance with significant volume. Ethereum trading strategy: Short: Consider a small short position at 2340-2360, with a stop-loss above $2410 and an initial target of $2280. If it breaks below $2280, add to the position targeting $2220. Risk control: Strictly control position size and avoid over-leveraging. Adjust strategies promptly after key price levels are broken/broken to mitigate market volatility risks.