On August 15, data showed that after the release of the U.S. CPI data, Bitcoin briefly fell, triggering market panic, and Ethereum also came under pressure, dropping to $2,640. However, it then stabilized and rebounded due to ETF capital inflows (such as BlackRock attracting $640 million in a single day).

Bull markets often have sharp drops, bear markets often have slow declines—ETH's drop from 4781 to 4226 is not a trend reversal, but rather a technical adjustment after profit-taking. The market now resembles a marathon runner who needs to catch their breath before deciding whether to sprint or rest.
1. Key signals in the market: the tug-of-war between bulls and bears has intensified.
Death cross warning:
The MA5 (white line) and MA10 (yellow line) are about to form a death cross, which is a signal of short-term weakness. If ETH does not hold above 4400 by the close today, it is likely to test the 4200 support level again.
Case reference: Last month, ETH similarly dropped from 4650 to 3980 within a week after the MA5 death cross; if it breaks down this time, a similar pattern may occur.