Market Analysis — ETH Looking at ETH's daily chart, the high-level consolidation box seems unchanged, but yesterday's sharp drop has caused the local structure to lean heavily toward the bearish side. The overall daily sideways movement shows signs of further downward breakout. At the current position, after the sideways movement ends on the 4H timeframe or higher, it's likely to probe further downward. Even if there’s a local rebound, it will mostly serve as a bull trap and won’t be sustainable. Waiting for 4H to hit a new low before entering would be safer. Trading suggestions: If you’re holding long positions, look for opportunities to exit within the next 24 hours. Reduce your positions now and don’t hold for too long, as staying beyond this timeframe could lead to new declines. Reference points are as follows: Short-term resistance: 4275–4350 (don’t aim for this range with long positions). Short-term support: 3988–3940. Second support: 3855–3720 (not within the current range; use this for rebound trades during sharp drops). $ETH