The Ethereum market continues to show a downward trend, with prices constantly declining, temporarily stabilizing after hitting the key support level of 2383. From the current 4-hour Ethereum chart, market sentiment has clearly weakened, with the K-line forming five consecutive bearish candles, indicating a strong downward trend. This round of selling has been continuous, with prices falling from near the upper Bollinger Band, completely retracing previous gains and directly breaking through the lower Bollinger Band support. From a technical analysis perspective, this continuous decline with increasing bearish candles shows that the bears hold an absolute advantage, and market panic is spreading. After the price breaks below the lower Bollinger Band, a short-term oversold rebound may occur, but if the key support level cannot be quickly regained, it may evolve into a larger mid-term adjustment. We will first look for a technical rebound for repair, then watch for the bears' entry. Currently, near the price of 2390, it is directly possible to go long, with a short-term target to first observe the recovery situation around 2460, before planning a short position.