Ethereum (ETH) has recently attracted market attention due to its price movements. Analyzing the four-hour chart, the price of ETH has seen a significant correction from the previous high of around 4768 USD, breaking below the important MA144 support level. Currently, the middle band of the Bollinger Bands is exerting clear pressure on the price of ETH, presenting considerable upward resistance.

From a technical indicator perspective, the MACD indicator has formed a death cross, and the green histogram continues to expand, indicating that bearish forces are dominating the market direction, and a downward trend has been established in the short term.

Based on the current market conditions, investors may consider the following operational strategies: look for shorting opportunities in the range of $4535 to $4565. If the short position is successfully established, the first target can be set around $4450, while more aggressive traders can set the second target around $4380.

However, it is important to note that the cryptocurrency market is highly volatile, and investors must thoroughly assess risks before making any trading decisions, and develop appropriate trading strategies based on their individual risk tolerance and investment goals. At the same time, it is also crucial to continuously monitor market dynamics and macroeconomic factors, and adjust strategies in a timely manner.