The price of Ethereum has confirmed a drop below the key support level of 4150, currently rebounding to 4119 but still constrained by a downward trend. The Bollinger Bands are opening downward, and the MACD remains in a death cross state, with a complete bearish pattern.
Resistance has shifted down to the 4150-4180 area, and any rebound presents a short-selling opportunity. Support below is seen at 4080; a break below this level will directly test the 4000 round number.
It is recommended to directly position a short at the current price of 4119, adding to the position on a rebound to 4140, with a unified stop-loss above 4180, targeting 4080, and watching for a drop to 4000.
