The daily chart is in a sideways consolidation after a decline, with Bollinger Bands narrowing, and the price is under pressure below the middle band. The bears still hold the advantage but the downward momentum is slowing; MACD green bars are shortening, and KDJ is turning stronger from low levels, indicating a rebound expectation. The 4-hour rebound faces resistance at the middle band, MACD red bars are shrinking, and KDJ is pulling back from high levels, suggesting short-term correction pressure. The overall trend is relatively weak, with a short-term focus on oscillation and recovery, and limited room for a rebound.

The overall market remains focused on catching rebounds for short positions, with potential short entries around 62,000, adding at 62,600, and looking below at 60,500-59,000; if the trend remains strong, consider 57,500.

ETH can be shorted around 1,660, with a target at 1,700, and looking below at 1,590 and 1,510.
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