Brothers, looking at this 4-hour candlestick just formed for ETH, I have to say, the situation isn't looking good.

Don't be fooled by the price still hovering around 2180, the moving average system has already signaled. The 7-day moving average is at 2187, the 25-day at 2219, and the price is being pushed below these two lines, a classic short-term bearish alignment. Yesterday, we were watching the resistance at 2250, but today the high was directly stuck at 2269 before dropping, indicating heavy selling pressure above.

Trading volume hasn't kept up either; this rebound is clearly on decreasing volume, not genuine buying. The daily chart is even more obvious, with both the 7-day and 25-day moving averages starting to turn downward, indicating a weakening longer-term trend.

Now, the key levels to watch are two: the first support is at 2150 below; if it can't hold, it could drop to 2100. On the upside, 2200 has become a new resistance level; if it can't break above that, there's no talk of turning bullish.

My view is, in the short term, it's leaning bearish. Brothers looking to go long should hold back and wait until the price stabilizes above 2200. For those wanting to short, wait for a rebound to around 2200 that can't push higher, then try a small position with a stop loss at 2250, targeting 2150-2100. In this market, don't rush to catch the bottom. #Gate广场四月发帖挑战 $ETH