Four-hour structure weakening; probability of Ethereum breaking down increases.

5.04 Ethereum trading idea reference:

In the early session, Ethereum attempted to push higher. After it touched resistance above 2390, it quickly turned and reversed lower. Looking at it from the four-hour cycle, the momentum for a short-term rally has completely run out—after making a push up, there is no strength to continue higher. Overall, price is trapped in a narrow range, trading weakly and consolidating, always moving under suppression.

The problem is clear at a glance: repeated attempts to probe resistance levels have all failed, and the bulls simply cannot hold the market’s center of gravity. The market keeps slowly oscillating and moving downward, and the short-term trading rhythm has already clearly shifted toward a pullback. After the tug-of-war between bulls and bears has reached this point, the bears’ power is step by step taking the lead advantage.

The next move is very clear: whenever there is a chance for a rebound, short on any rally.

Reference levels:

You can consider shorting in batches around Ethereum 2350 and 2370, with targets at 2250 / 2200 / 2150.
#美国寻求战略比特币储备 #比特币ETF期权持仓限额增4倍 #DeFi4月安全事件损失超6亿美元 #比特币现货交易量新低 $BTC $GT $ETH