Ethereum's intraday trend is also a pullback rhythm, with BTC and Ether linked together. The short positions' momentum was released in advance during the trading hours, and our short order for Ether has also captured nearly 50 points of space, rebounding to a high. Boldly shorting is a way to control the market. We will wait for the US stock market to open and see a second round of higher trade volumes. Currently, Ether is at the 4605 level.

The short-term technical outlook shows a bearish tendency. An important resistance zone is formed at the upper range of 4659-4715 USD, while the key support is located in the 4455-4375 USD area. The 4-hour MACD shows dominant bearish momentum, and a top divergence signal appears on the 15-minute chart, indicating that after the release of bearish pressure during trading hours, the rebound strength has significantly weakened. Price movements exhibit a high correlation with US stocks, so attention should be focused on the performance of US stock market openings in the evening. If market sentiment weakens, a second downward probe may occur, with the primary target looking towards the 4450-4400 support zone. If the key level of 4375 USD is breached, it may trigger large-scale long position liquidations, further opening up downward space.
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Current operational advice is to primarily focus on shorting during rebounds, with light positions in the short order set in the $4600-4630 range, and stop-loss set above $4680. It is not advisable to blindly catch the bottom before a clear reversal signal appears, and it is necessary to closely monitor changes in trade volumes and the support strength in the 4375-4400 range.