Ethereum (ETH) has shown a downward trend recently, with the 3 to 2 daily chart level indicating high position risks, and the 8-hour level showing a falling trend. A rebound may occur at the 2 to 3 hour level, but investors still need to be patient and wait for the market to further find its bottom.

Currently, the resistance levels faced by ETH are 4360, 4389, 4412, and 4444 USD. The support levels below are at 4306, 4287, 4260, and 4210 USD. These price levels will be key points that traders need to closely monitor in the short term.

In terms of market sentiment, the current long-short ratio of ETH is 1.95, and the fear index is 45, indicating that the market is in a relatively neutral state. In actual trading, the long-short ratio is 64:36, while the overall long-short ratio on the network is relatively balanced at 53:47.

For trading strategies, it is advisable for investors to remain cautious before clarifying market trends and not to enter the market blindly. At the same time, when opening a position, it is essential to set a stop-loss to control risks.

It is important to emphasize that the cryptocurrency market is highly volatile, and investors should make decisions based on their own risk tolerance and investment objectives. This analysis is for reference only and does not constitute any investment advice. Please ensure you conduct thorough research and risk assessment before making any investment decisions.