【ETH rebounds to 2416, just a "breath"? The second downward move by the bears is opening!】

Structural Analysis (1H + 4H)

4-Hour Level

From the high of 2538 → it quickly dropped back to 2358, and a clear weakening structure has already formed

We are currently in the pullback phase after a decline

The areas above 2380–2420 have turned into a strong resistance zone

Structural essence:

The trend has shifted from bullish to bearish → the rebound is an opportunity for shorts to get on board

1-Hour Level

After a sharp selloff, a weak pullback with sideways consolidation has appeared

The pullback volume is insufficient, and the price is always suppressed below the short-term moving averages

The structure shows: lower highs + weak pullback

Essence:

A correction within a downtrend → it is more likely to continue weakening

Bearish logic (core reasoning)

High-level selling with heavy volume → the trend has already weakened

The current pullback is a technical repair, not a reversal

If it breaks below 2340 → a second drop will be triggered

Current environment:

Bears are in control; prioritize shorting on pullbacks

Only consider short positions; do not chase longs

【ETH Today’s Short Strategy】

Entry position: 2358

First take-profit: 2332

Second take-profit: 2311

Stop-loss position: 2394