The current price of Ethereum is in the range of $4050-$4150, limited by resistance above $4150, and short-term support is formed at the integer level of $4000, but the rebound momentum is clearly insufficient.

Technical indicators show weak fluctuations, with a long-term downward trend. Daily level: It has been blocked near the 30-day EMA for two consecutive days, and the rebound strength is limited. Although the MACD bearish momentum has weakened, it has not yet formed a golden cross. Hourly trend line volume is shrinking, indicating a strong wait-and-see sentiment in the market, lacking the momentum for a strong rise. The key position of $4150 is the short-term resistance level; if it cannot break through, the price will remain weak; $4000 is the support at the integer level, and if it breaks down, it may test $3900.

Trading range suggestion: If it pulls back to the short-term resistance level of $4150-$4200, consider entering the market in batches, with the lower target looking at support levels of $4050-$4400. If it breaks below $4000, it may further look down to $3970-$3940.

Ethereum shows signs of a short-term rebound, but the long-term trend is still not out of weakness. It is recommended to short at highs after a rebound.

The above suggestions are for reference only; trading should still be based on actual conditions!!!