I seem to remember that many brothers who watch K-lines have gone to the rooftop. During the big wave in 2023, many people said that the big pie would definitely drop to 15000 from 25000. Those who watched the K-lines, I don't know how many novices were fooled into shorting and got liquidated. It was the same around 38000, and also near 75000 this year. Every time there is a major bull run, a bunch of fools say that the K-line must drop significantly.

Ethereum is currently in a rebound trend after a significant drop, and the focus can temporarily be on the range positions of 3685-3345.
Looking at the current price trend from the monthly perspective, it still shows a weak downward trend overall. The price is under pressure from the upper Bollinger Band, and Wu Yang believes that a rapid rebound in the short term is not achievable. Follow the trend and try not to trade against it. If trying to gain some space, strict entry protection is essential.

From the weekly perspective, last week closed with a large bearish candle, compared to the bullish candle two weeks ago. The current trend has formed a cloud cover pattern, and the market will continue to retreat. It is now exactly 10:00 AM, and there is a slight rebound on the weekly chart; however, the overall trend is already established, and the weak market conditions are defined. Everyone should trade according to the trend.