Ethereum rebounded to around 2500 in the afternoon before declining, with a stop at 2421 in the evening. The bearish outlook during the day was validated. In the four-hour cycle, a significant downward trend after adjustment is evident. KDJ and RSI are diverging downward in sync, releasing clear bearish signals. Although MACD is above the zero axis, the red bars continue to shorten, indicating a rapid decline in bullish momentum, and the upward trend has been broken. In the one-hour cycle, the market shows a step-like decline, with prices continuously approaching the lower Bollinger Band. The previously key bullish support at the middle Bollinger Band has been effectively breached, indicating a bearish dominance. The J value of KDJ has entered the oversold zone, suggesting a potential technical rebound correction in the short term. However, considering the current market sentiment and technical patterns, the rebound space is expected to be limited. The midnight trading strategy focuses on short positions, waiting for a rebound to enter the market.

It is recommended to short at 2450-2480, looking at around 2390.

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