ETH is currently in a weak rebound pattern, and this rally is difficult to sustain. On the four-hour chart, the price surged to 3148.00 before starting to fall back. Although the MACD indicator shows a red histogram, the DIF and DEA are still hovering at low levels, indicating a clear lack of upward momentum.

The RSI has approached 59.02, nearing the overbought zone, and the MA60 moving average(3140.77) above the price is acting as resistance, which shows that the main force cannot push it higher. From the market perspective, the main force has little desire to continue long positions, and the signals are quite clear.

The current price at 3111.58 can consider opening a short position. Place the stop-loss just above the previous high of 3148.00. The first target for the decline is 3080.00, and if it breaks below that, the second target is around 3050.00.

Trend traders can hold this kind of order patiently. However, short-term traders should be cautious—it's okay to take small positions at support levels to catch rebounds, but strict stop-losses are essential. Also, watch out for the index retesting previous lows, as there could be variables at that point.