$ETH plummeted this afternoon. Many indicators have lost their rationality, and we must make timely adjustments. Currently, the market is in a typical range-bound pattern. The price briefly attempted to break through the $4,558 resistance level, but a false breakout occurred and the price retreated. The afternoon 2-hour candlestick chart shows gradually lower highs and lower lows, demonstrating a typical short-term downtrend. The daily chart has retreated after fluctuating at a high level, forming a series of bearish candlestick patterns, indicating a weakening of bullish momentum in the short term. Long-term strategy: · Ideal entry point: Focus on the $4,500 support area, or enter directly around $4,500. · Stop-loss setting: $30-50 below the target entry point, for example, below $4,470 or $4,450. · Target: Primary target: 4,580-4,620. If the market strengthens, it could reach 4,650-4,685. #FederalReserveRateCutExpectationsRising #ETH #BTC