Notice: Short positions can be closed for profit or held, as there is still room for further decline!

The strategy for Ethereum (ETH) was to short around 2390-2410, with a target of 2960-2930. The first target has been reached. Conservative traders can take profits now, while aggressive traders may consider exiting part of their position and holding the rest. Ethereum's 4-hour chart shows a shift from a strong rebound to a high-level consolidation phase, with weakening bullish momentum making a breakout above the upper Bollinger Band more difficult. Chasing long positions is not recommended in the short term due to strong resistance and a shortening MACD histogram, indicating a risk of pullback. If the price breaks below the Bollinger Band middle line at 2340, consider reducing positions or remaining on the sidelines and waiting for a stabilization signal. If the price subsequently breaks through and holds above the upper Bollinger Band with significant volume, consider entering long positions; otherwise, treat it as a range-bound market. Key levels: Support: Bollinger Band middle line at 2343, and previous support at 2320; Resistance: Bollinger Band upper line at 2398, and previous high at 2423. This strategy is time-sensitive; implementation will be based on free guidance.