The afternoon ETH market analysis is as follows:

From a technical indicator perspective, the current RSI value is 35.62, which is close to the oversold range. Although there is a possibility of a short-term rebound, the momentum is expected to be limited, making it difficult to form a trend reversal.

The MACD indicator shows that the histogram is in the negative zone, and the DIF line is running below the DEA line, indicating a clear bearish pattern, with bullish strength not yet apparent, and the overall market is under pressure.

Operational advice: If the price rebounds to the range of 3920-3950, consider positioning a short position. The first target is set at 3880, with further targets looking at the support level around 3800.