ETH Morning Trend Observation:

Looking at the 4-hour chart, after the price surged, it started to face resistance and has been dropping all the way down. The short-term bearish momentum is still being released, having already broken through the middle band support, now moving along the lower band.

The Bollinger Bands are tightening, indicating a clear bearish signal. Indicators like candlesticks, MACD, and RSI are all showing weakness, and structurally, there are no signs of a bottoming out. Rebounds are like fireworks—rise quickly and get knocked down just as fast.

The current approach is straightforward—continue to look for rebound opportunities to short. When the price rebounds to the 3170-3190 range, consider entering short positions. If all goes well, the next support levels are around 3100-3070.

The key to trading is to follow the trend, avoid greed, control your position size and pace, and let the market move on its own. The biggest mistake at such times is rushing too much.