$ETH The key pressure level remains at 4400 dollars,

The daily line must close above this position for the market to possibly reverse back to bullish.

However, from the current trend, there are no signs of any recovery at the moment.

A more reasonable expectation is that the market will test the 4000 dollar support, which is the most important observation point right now.

I have drawn two possible paths in the chart, both of which are likely directions to follow at present,

Content for reference only!