ETH 4-hour and daily closing looks bad again. It's Saturday, and there is clearly no capital entering Japan for the weekend, leading to ETH being in a state of consolidation and decline. The spot and contract markets have both shown outflows in the past two days, and institutional buying power has started to weaken. During the consolidation phase, it is easy to see a continuation of the decline.

If there is a rebound, it will be at most around the price of 4500. This week's closing will have a long upper shadow, indicating a very unfavorable structure. Next time, trying to push to the price of 4800 will be very difficult. After all, no one wants to be stuck at 4800 four years ago and again at 4800 four years later.

Trading will be very tortuous.