Ethereum Evening Trading Strategy: Focus on Shorting, Watch 3200

Today, ETH is following the familiar pattern—oscillations, resistance, and continued fluctuations. From the 4-hour chart, the price has fallen from the previous high of 3403.36 and is now stuck around 3303, unable to move. Technical indicators show that the bulls are getting tired, and bears are starting to take control of the market, so the evening trend should be primarily bearish.

Let's look at the technical details. The Bollinger Bands on the 4-hour chart are clearly tightening. The price has pulled back from the upper band (3364.42) and is now oscillating between the middle and upper bands. Although the middle band is rising, its support is weak, and the upper band is pressing down firmly. This pattern indicates that bears are in the lead. The momentum indicators also show weakening signals—RSI three-line moving down from the 50-60 zone, KDJ forming a death cross at high levels and continuing to decline, MACD red bars shrinking and turning green, and DIF and DEA lines converging at high levels. All these signals point to the same conclusion: the bulls are exhausted, and the bears are gathering strength.

The resistance level at the previous high of 3403.36 is quite solid. Below, the support levels at 3255 (Bollinger lower band) and 3200 form a stepwise support zone. If the price is pushed down, it will naturally test these two levels.

Tonight's specific trading plan:

**Primarily Short Positions**—Enter in stages within the 3310-3320 range, with a stop loss at 3365 (to avoid false breakouts above the upper band). The first target is 3250 (the lower Bollinger band), and the second target is 3200 (psychological key level and expected support zone).

**Alternative Long Positions**—If the price truly stabilizes at 3200-3220, consider entering in parts, with a stop loss below 3180, aiming to return to the previous consolidation range of 3280-3300.

A reminder: recent crypto markets are heavily influenced by external factors (US stocks, policies, etc.), and sudden news can disrupt the current situation. Adjustments should be made promptly. Position sizing is crucial; do not risk more than 10% of your total capital on a single trade. If the price breaks above 3365, the short-term bearish strategy should be abandoned, and wait for a pullback to reassess. If it falls below 3200, continue to watch the 3150-3100 zone.