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The rebound is weak, shorting is still more reliable!
After a continuous decline on the four-hour chart, Ethereum has seen a slight Rebound, but the strength is very weak, and the price is still tightly pressed by the middle band of the Bollinger Bands. Overall, it is still dictated by the bears!
The one-hour level appears to be fluctuating upwards, but in reality, the foundation is unstable—this is just a normal "technical Rebound" during the downtrend, and it doesn't mean there is a reversal at all!
The operational advice is straightforward: shorting in batches between the 3070-3120 range, with a target of 2970 first; if it breaks below 2970, then look towards 2800! $ETH