ETH is clearly in a bearish pattern on the 4-hour level. The MACD dual lines are below the 0 axis, indicating weak momentum.
The 3000 level above is a significant barrier; currently, unless there is a huge volume breakthrough,
it's difficult to reverse the trend directly.
The key level of 2890 is a watershed -- if it can stabilize, there is a chance to touch 2980-3000; if it can't stabilize, look down to
2700, and even a spike to 2600 is possible.
Currently, the overall trend is still bearish, so don't rush to catch the bottom.
In the short term, if the rebound doesn't exceed 2890, selling on the highs is advisable, with a defense set above
2920, initially looking at 2800. If it spikes to the 2600-2650 area, consider lightly entering a wave long position.
