Ethereum short positions have been perfectly closed with profit, and the downtrend continues to develop!

Ethereum's short position at 2340-2460 was closed at its first target of 2280, and the short trend continues. The next target is 2250-2220. Ethereum's 4-hour chart shows a "rebound followed by consolidation" pattern, generally bullish but lacking momentum. Key support levels at 2295-2300 and resistance levels at 2390-2450 will determine the short-term direction. For now, range trading and strict position control are recommended. Currently, the price is consolidating between 2250 and 2300, having fallen from around 2350 during the day. Yesterday's dip to 2150 was followed by a rebound, and the price is currently trading near the middle Bollinger Band. Support was found at the previous daily low of 2150. The 4-hour chart shows a "bottoming out and consolidation" pattern, but it hasn't broken free from the downward pressure of the larger highs, remaining a rebound rather than a reversal. Trend and moving averages: The price is near the middle Bollinger Band, and the moving average system remains bearish. A break above 2300 with increased volume is needed for a true correction. MACD: Momentum is moderately increasing, and the two lines have formed a golden cross, indicating a bullish signal, but the strength is moderate. RSI: Turning upwards from the oversold zone, not yet overbought, there is room for a rebound, but a pullback should be watched for. Support level: 2295-2300 is the short-term dividing line between bullish and bearish sentiment; a break below this level would indicate weakness. Resistance level: 2390-2450 is the first resistance zone and the primary target for a rebound. Bullish/Bearish Scenarios and Trading Suggestions: Bullish Scenario: Holding above 2295 with increased volume → Target 2390-2450; Bearish Scenario: Breaking below 2295 → Target 2220-2250; Breaking below 2220 → Target 2150-2160; A break below 2150 would accelerate the decline. For those who followed the short position strategy, you can continue to operate your short positions tonight according to the above "Short Position Scenario" strategy! Strategies are time-sensitive; implementation of strategies is primarily based on free guidance!