ETHUSDT 4H | The pullback high has been confirmed at 2385! A new round of decline is accelerating
The previous wave's pullback high was precisely at 2385 (24h high 2385.78), with a long upper shadow + a lower closing body, perfectly validating the script of "failed to reach the second peak after a technical rally."
Current situation:
- Falling back from the 2385 high, currently fluctuating around 2143, clearly lacking sustained buying pressure
- MACD golden cross but momentum is weakening (bars shortening, DIF/DEA gap narrowing)
- Trading volume is shrinking, bulls have been trapped, facing potential liquidation pressure at any moment
- PNL floating loss has appeared, market sentiment has turned to panic
Conclusion: 2385 is the true top of this round!
The pullback high has been determined, and a new round of accelerated decline at the four-hour level has officially begun.
Operation suggestions:
✅ Continue to hold short / Add to shorts on rebounds around 2140-2168
✅ Target first looks at 2070-2000, strong support breaking down to aim for the 1736 low area
Stop loss should uniformly be placed above 2190-2200 (stop loss again at new highs)
2385 has become history, do not close your short positions, keep going! 📉💥