ETH Market Analysis: Recently, the lower range at 4260 was broken with high volume, dropping to 4K before pulling back to 4180 for consolidation. The rebound mainly aimed to fill the gap, but as long as it doesn’t reclaim 4270, it’s still considered a continuation of the downtrend. Short positions can be added in the 4230-4270 range, with additional positions at 4310, continuing to target the 4K area. If the US/EU sessions see another deep drop to 4050-3980 followed by a rebound, consider going long. This move is a structurally driven breakdown caused by deleveraging. A trend reversal will take time to confirm, so don’t rush to call a “bottom” in the short term.