From the perspective of Ethereum's 4-hour cycle, the market has broken below the middle band of the Bollinger Bands with a strong posture of "three consecutive bearish candles". The originally supportive middle band has now transformed into actual resistance, with the continuation of bearish momentum being particularly prominent. As key support levels have been consecutively breached, the downward space has evidently opened up, and the bearish trend is currently in a phase of strong rise.
Looking at the MACD indicator, after the formation of a golden cross near the zero line, the market did not experience the anticipated upward movement but instead showed a downward probing formation, and this trend continues to deepen, further confirming the dominance of the bears.
Switching to the hourly chart, the market currently shows signs of stabilization, with a brief range-bound fluctuation. Such fluctuations often signal the market's preparation for a new directional move, and the key now is to identify the subsequent direction. For friends who are temporarily lacking ideas, it might be worthwhile to follow Zhuo Wei's rhythm and first grasp the opportunity of continued downward movement.
