Brothers, today let's talk about the Ethereum market. Many people see this drop from the high of 4794 and think it's just a normal adjustment, but if you look closely at the details, you can see some clues.

Firstly, the strong surge at the beginning of August completely widened the moving averages, and the trend was very smooth. However, the problem is: after hitting the high of 4794, the trading volume clearly increased, but the follow-up was weak. This kind of "volume expansion with stagnation" is often a signal of a temporary top, where the main force gradually distributes at high levels.

Now the price has fallen below the short-term moving averages, and the pullback is significant. Combined with the pressure from the 10-day moving average, it's clear that this adjustment is not minor. From the perspective of trading volume, the recent decline has been accompanied by increased volume, while the rebound has seen reduced volume, which is also a typical bearish characteristic.

However, the market has risen from 2500 to 4794, and the gains in between are huge. Even if there is an adjustment, it cannot happen all at once. The key support levels are two points: one is the previous platform at the 4200 range, and the other is the psychological level of 4000. As long as it does not effectively fall below 4000, the overall structure is still a strong adjustment. If it does break 4000, it basically confirms a double top pattern, and the future outlook will be quite bleak.

Personally, I tend to think that there is still a possibility of further declines in the short term, as the main force is washing out some of the high-position chips. But as long as the 4200-4000 range is held, there is still a chance for a second upward attack. Instead, if another opportunity for low-position chips arises, that would be truly worth paying attention to.

So now, don't rush to catch the bottom, and don't panic to stop-loss. Experienced traders wait for key levels to show action before they follow. The market is like a battle; don't run around in the enemy's territory. Wait for them to show a flaw, and then strike decisively.

The market will always reward those who are patient.