Ethereum has shown signs of fatigue after rebounding to the 3940 line, and is currently under pressure below the key resistance zone of 3940-3960. This area is formed by a previous zone of intensive trading and several technical indicators. The price has attempted to break through multiple times without success, indicating strong defensive power from short positions, making it difficult to break above in the short term.

The technical indicators have issued a short signal: the hourly RSI shows a top divergence, indicating that the price's upward momentum is weakening; at the same time, there is a tendency for the MACD to form a death cross. This suggests that the rebound momentum in this round may have already exhausted, and there is a technical demand for a reversal from rising to falling prices. If the price effectively breaks below the short-term support level of 3890-3900, it will confirm the start of a correction, with the next target pointing to the 3850-3830 area. In terms of operations, one may consider looking for short opportunities below the resistance area, while closely monitoring the potential linkage risks brought by the Bitcoin trend. #中美贸易战新进展

Bitcoin strategy: short around 108800, target 107000
Ether strategy: short positions near 3920, target 3800