Hello everyone, this is the Ethereum (ETH) 1-day candlestick chart. From the candlestick patterns, the price has experienced significant fluctuations, forming a clear top reversal pattern before entering a downtrend.

Recent candlesticks indicate that the price is still in a downward channel, with bearish strength relatively strong.

Currently, the price is below the middle band of the Bollinger Bands, and the Bollinger Bands are opening downwards, indicating that the market is in a downtrend and the price may continue to decline. $ETH