Market fluctuations are small, and the movement is quite tangled. This Monday saw a rise followed by a drop, Tuesday experienced a significant decline, and Wednesday and Thursday were in narrow oscillations. I think the price still needs to correct, it should drop to a specific position, and it would be appropriate to buy only when the trend really turns bullish and the signal is confirmed.
From a short-term perspective, after a drop, the market is in a consolidation phase, and there is a considerable possibility of further declines. The overall trend is currently bearish, unless a key high point is broken, otherwise the outlook for an increase is not optimistic.
On the Ethereum side, the adjustment period has been too long, and it doesn't look like a normal state for a bullish continuation; the hope for a further significant rise is slim. The price has reached an important support level, but the rebound is getting weaker. Once the support is broken, it may quickly drop to fill the gap.
Currently, trading risks are high; shorting is against the trend, and going long is risky as the price is high without a breakthrough signal. It would be safer to wait for the price to drop below the low point or to see a clear upward signal when it falls into the target range before considering buying or selling. Currently, I lean towards the idea that the price will correct.
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