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When the daily chart of Ethereum shows a "bearish engulfing" pattern and the price is moving along the lower band of the Bollinger Bands, it indicates that the bears are still in control.
If the rebound on the four-hour chart is limited in strength, it may only be a technical correction during the decline.
Ethereum is recommended to short around 3050-3080, with targets at 2950, 2860, and 2700.