Today, the Ethereum (ETH) market is exhibiting a volatile trend and may face certain pressure in the short term. On the technical front, the EMA7 has begun to decline and has formed a death cross with the EMA30. The price is currently hovering below these two moving averages, indicating a weak short-term trend.

The MACD indicator shows that the DIF and DEA are still below the zero axis, maintaining an overall bearish atmosphere. However, it is noteworthy that the previous green bars have started to shrink, and there are even faint red bars appearing, suggesting that bearish momentum may be weakening. Nevertheless, as a golden cross has not yet formed, investors should remain cautious and wait for clearer signals.

In terms of the RSI indicator, the 1-hour line value is 34.3, close to the oversold area, while the 4-hour line is at 48.2, in a neutral position. Under these circumstances, there are already technical rebound conditions in the short term, but the strength of the rebound still needs further observation.

Currently, market participants should pay attention to whether the 4260-4280 area will become a potential support level. If a rebound occurs, the 4340-4370 area can be set as the initial target. However, given the high uncertainty in the market, investors should closely monitor price movements and avoid entering the market rashly in the absence of clear signals.

Overall, although Ethereum may face some pressure in the short term, technical indicators have shown potential rebound opportunities. Investors should remain vigilant, wait for a clearer market direction, and adjust their strategies based on real-time market conditions.