After Ether hit a new high of 4954 last night, it experienced a Long Wick Candle downward pullback, likely caused by Whale selling at high levels. Currently, the market looks like it is in a divergence phase on the 1-hour timeframe, and in terms of the MACD indicator, there has been no decrease in bearish volume. The short-term trend is gradually weakening, and my personal view for the day is to first look for a pullback in the market.
Ether can be shorted around 4723, looking down at 4623, with a defense at 45 points.
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