Ether on the four-hour level has continuously formed long bearish candles, with the price breaking below multiple short-term moving average supports such as MA5, MA20, and MA60, indicating a clear shift to a short position trend. After the MACD's high position death cross, the fast line has crossed below the zero axis, and the short positions' momentum continues to increase, showing that the adjustment has not yet ended.

No positions established: can try shorting lightly near 3480, add to short positions on a rebound to 3560, with unified risk control set above 3600.
Already held short positions: patiently hold, add to positions once near 3560, and reasonably control the overall position.

The lower targets are 3320, 3250, and the ultimate target is around 3180.

If the position is too heavy or the ability to bear is limited, it is recommended to reduce the position first to control risk. The overall operation is based on the core reference of the 3560 mid-track suppression, and do not blindly hold positions. $ETH