Based on charts $ETH and information from market sources:

Charts: MACD on multiple timeframes shows a bearish signal, declining momentum and MACD lines crossing down. The Stochastic RSI is also showing oversold, especially on shorter time frames, which could indicate a short-term bullish trend, but the overall picture remains weak.

Ratio of longs to shorts (Datamish): Based on recent data, the share of shorts is increasing, but longs still dominate. This indicates the risk of a possible "long squeeze" if the price falls below key support levels.

Technical Analysis (Cryptonews): Key support levels at $2,400 and resistance at $2,500. If the price cannot hold above $2500, a downward correction is possible. However, in the event of a break of $2,500, the rally may extend to $2,600.

Market Sentiment (Coinalyze): The overall market sentiment remains moderately bearish, with the expectation of a small pullback to $2,400.

Conclusion: The current situation signals more shorting for the next 4 hours as the price faces strong resistance at $2,500 and the MACD and RSI indicators point to a possible further decline.