Ethereum 1-hour K-line retreated again near the MA60 in the early morning. Although the Bollinger Bands did not show significant expansion, the MACD showed signs of shrinking volume above the zero line, and the fast and slow lines are once again approaching each other. This pattern is prone to forming a death cross. Looking at the KDJ three lines, they have already crossed downward and are approaching the 50 level; the RSI three lines are also moving downward, with a crossover pattern forming at the 44 level. Short-term correction pressure still exists.

Looking down at support levels. The lower band and yesterday’s low are both key; once broken, the downward space opens further.

Switching to the 4-hour cycle, the situation is clearer. The midline continues to suppress the price, and after the death cross the day before yesterday, the fast and slow lines show signs of energy exhaustion as they converge. The KDJ shows a clear turning point around 64, and the RSI three lines have successfully turned downward. These signals indicate a relatively clear short-term correction trend. The next low after a breakdown is expected around 2800 or even in the daily lower band area.

From a trading perspective, there are two approaches—

**Short Entry**: Light short positions above 2960, with a stop-loss set above 3020, targeting 2900. If 2900 does not hold, continue to watch the 2880-2850 range; if further broken, can chase down to below 2800.

**Long Opportunity**: Light long positions below 2800, with a stop-loss below 2740, initial targets achieved sequentially at 2850-2910-2960. If broken above 3000-3050, can continue to hold and wait for higher rebounds.