Since last night, the price of the second pancake has continued to show a volatile downward trend. After gradually falling from the previous high, it has repeatedly tested the support area of the phase low. From the perspective of the 4-hour technical pattern, the MACD indicator's fast and slow lines have formed a state of entanglement, and the fluctuation in volume suggests that the bulls and bears are caught in a short-term equilibrium. However, whether it can break through the middle track resistance still requires observation of volume cooperation; although the RSI indicator has gently rebounded from the oversold area, it has not formed an effective breakthrough, indicating weak buying support; the KDJ indicator maintains a downward expansion trajectory, further confirming that bearish sentiment still dominates. Overall, the coin price remains in a pressured adjustment phase, with limited rebound height, and caution is needed to prevent further price inertia decline.

You can gradually layout short positions in the range of 3120-3160, with an initial take-profit target set at the 3020 line. If this support is effectively broken, it could further decline to the 2850 area. It is recommended to set the stop-loss above the 3200 integer mark to avoid short-term technical pullback risks. Close attention should be paid to changes in volume and key level defensive performances. If there is a breakout of the middle track with increased volume or the RSI forms a bottom divergence, strategies should be adjusted in a timely manner to respond to potential trend changes. $ETH #美联储降息