Structural Analysis (1H + 4H)

4-hour level

From the high point of 2538 → Rapidly fell to 2358, has formed a significant weakening structure

Currently in the phase of a rebound after a decline

Upper range 2380–2420 has turned into a strong resistance area

Structural essence:

Trend has shifted from bullish to bearish → Rebounds provide opportunities for bears

1-hour level

Weak rebound consolidation after a sharp drop

Rebound volume is insufficient, price is always suppressed below the short-term moving average

Structure shows: lower highs + weak rebounds

Essence:

Correction in a downtrend → Easier to continue weakening

Bearish Logic (Core Basis)

High volume drop → Trend has already weakened

The current rebound is a technical correction, not a reversal

If it breaks below 2340 → it will trigger a second decline

Current environment:

Shorts dominate, prioritize shorting on rebounds

Only consider short positions, do not chase longs

【ETH Today's Short Strategy】

Opening position: 2358

First direct: 2332

Second direct: 2311

Bamboo shoot position: 2394