Ethereum Current Market Opinion:

(4-Hour Chart)

- Overall Pattern: The candlestick shows a fluctuating upward trend, with fierce competition between bulls and bears, alternating between bullish and bearish candles. The previous high reached 2,738.62, followed by a pullback, with recent prices attempting to move upwards amidst fluctuations.

- Key Details: The changes in the length of the candlestick body and wicks reflect the shifting power between bulls and bears. For instance, the recent candlestick found support around 2,560, indicating that bulls still have some control, but there is obvious resistance near 2,615 (this price level has been touched multiple times within 24 hours).

(1-Hour Chart)

- Overall Pattern: Price fluctuations are frequent, with the candlestick oscillating between 2,312.62 and 2,648.68, showing no clear trend direction.

- Key Details: The sizes of the candlestick bodies vary, and market sentiment is unstable. For example, after rebounding from a low, the price quickly fell back, indicating frequent struggles for dominance between bulls and bears, with high uncertainty in the short-term trend.

(Short Cycle, 15-30 Minutes or Shorter)

- Overall Pattern: After reaching a high of 2,615.46, a significant long bearish candle appeared, causing a rapid price drop, with bearish momentum dominating in the short term.

- Key Details: The long bearish candle has a lengthy body, and if accompanied by high trading volume, it indicates strong downward momentum; the market may experience a short-term reversal. This pattern warns of the risks of chasing highs and requires attention to whether subsequent candlesticks can recover lost ground or create a further downward trend.

Comprehensive Conclusion

- The long cycle (4-hour chart) shows an intention for price to fluctuate upwards but faces resistance above; the short cycle (1-hour and shorter) experiences sharp fluctuations, with alternating dominance between bulls and bears, especially with the emergence of a long bearish candle indicating short-term pullback risks.

- In operation, avoid blindly chasing rises and falls during high volatility periods.