ETH experienced a rebound after a significant decline on the 4-hour chart, but this rebound is unlikely to strengthen. Based on the rhythm, after the rebound reaches the next support zone, it is highly probable to hit the key level at 3100, and only then will the real downtrend begin. Looking back at recent rebounds, they have essentially been attempts to attract bulls and create the illusion of false breakouts. Instead of chasing high risks, it’s better to position for a short at higher levels. Currently, a bearish approach is more prudent, and it’s still timely to act after the rebound loses momentum and confirms weakness.