Ethereum is currently priced at 1775, and the small bullish candlestick in the short term is just a correction from oversold conditions. The 4-hour and daily long-term downward pressure still exist, so don’t be fooled by the brief rebound. When trading, focus on the main trend; shorting with the trend has a much higher tolerance for errors than fighting against it. Short-term long positions are only suitable for small positions with quick entries and exits. Many people lose money because they can’t control their hands; when the market fluctuates, they frequently enter positions. Frequent trading only accumulates losses. Remember, in a downward trend, patiently staying in cash and observing can also be profitable. Protect your principal and wait for high-probability opportunities before taking action.

The daily K-line briefly dipped to 1712, creating a new low for this phase. The moving average system is arranged in a fully downward pattern, with the daily moving averages pressing down on the price from above. The Bollinger Bands are opening downward, and the price is firmly running below the lower Bollinger Band at 1824. The MACD indicators DIF and DEA are both continuing downward, with increasing green bars, extending the downward momentum. There are no signals of stabilization or reversal on the daily chart. The key resistance level above is at the daily middle band at 2040. To reverse the trend in the short term, the price must break above this moving average level. Currently, the main trend on the daily chart is clearly bearish.

The 4-hour K-line shows a slight short-term stabilization with a small bullish candlestick, but the overall downward channel remains unchanged. The EMA lines across different cycles continue to press down, with the 15-period EMA at 1835 and the 30-period EMA at 1893 forming strong nearby resistance. The Bollinger Bands are widening, and the price is oscillating in a low range between the lower band at 1706 and the middle band at 1877. The MACD DIF has crossed above DEA, with a slight reduction in green bars, indicating a short-term oversold rebound, which is purely a technical correction after a decline. The 4-hour rebound is likely a trap for more buying; after touching the short-term moving averages, the price is likely to face resistance and fall again. The long-term downward trend remains unchanged.

Short-term reference:

- Resistance: 1830 to 1860 downward, stop-loss at 1890, target at 1780 to 1730
- Support: 1730 to 1700 upward, stop-loss at 1670, target at 1770 to 1820

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