Ethereum changes face! The 2300 level has been broken, is a rebound just a short? Flow. Now

Family members, don’t be fooled by the calm on the surface these days; there are strong undercurrents beneath the market!

I just spent a while analyzing ETH’s 1-hour and 4-hour charts and found that this wave of movement is really a bit “hollow.” Although there was an attempt to rebound earlier, around $2330, it was a brutal collision. Today is May 3rd, and the price is just stuck at the psychological level of 2301.

Why are we bearish?

Four-hour chart (long-term trend)

: The price has been suppressed by the MA50 moving average, with each rebound high being lower than the previous one (Lower Highs), which is a classic sign of a bearish dominance.

1-hour chart (short-term)

: The recent small rebound didn’t even reach 2315 before volume dried up, and the MACD green bars are getting shorter, clearly indicating that buying momentum is weakening.

Market sentiment: You may have heard, many whales are starting to transfer coins to exchanges, which is not a good sign.

Don’t overthink it; let’s get straight to the strategy. Follow my lead, don’t be greedy, focus on stability, accuracy, and decisiveness!

ETH today’s short-selling sniper plan

Direction: Short (SELL)

Open position (market order): 2301

First take profit (TP1): 2278

Second take profit (TP2): 2255

Stop loss (SL): 2335