Recently, ETH's price movement has been quite interesting. From the 4-hour K-line chart on January 5th, after reaching around 3221, it started to pull back. Currently, the overall rhythm is in a downward correction.

From a technical perspective, several signals are quite clear. The MACD green bars are gradually shrinking, and there is also a bearish divergence signal, which is a key warning. At the same time, both the KDJ and RSI indicators have turned downward, and this resonance often indicates a forthcoming correction.

In the short term, a correction is most likely first, followed by a continued upward trend. If you are bearish, you might consider gradually establishing short positions within the 3180-3120 range. The recent target points to the 3100-3080 zone.