Indeed

Let's take another look at ETH. The upcoming trend is also very clear. After hitting a new low of 1750 on March 11, it has been running at the daily level for a rebound over the past 10 days. Currently, a golden cross on the 2-day line has formed, so the weekly MACD has released a hollow energy column, which is a signal of a temporary slowdown in the decline. Once the rebound on the 2-day line takes effect, the high point of the rebound will reach around 2280, followed by a consolidation for one or two weeks before starting a 3-day line level rebound, with a high point around 2424. Generally, the 5-day line rebound is hard to take effect. Therefore, when ETH rebounds to the range of 2280-2424, it will be an opportunity for bulls to escape. Once this rebound ends, a few days of sideways consolidation will lead to a dead cross, and then if it turns down, it will hit new lows again. If you still hope to return to 3k, 4k, or even 8k, I advise you to wash up and sleep. Blind optimism equals foolishness. It's far better to escape and break even than to continue fantasizing; it's a hundred times stronger. Entering a short position after the rebound is much safer than trying to go long. At least, there's no optimism for the first half of the year.

After the last bull market ended, ETH's monthly line had three consecutive bearish candles followed by a bullish candle. Now, with four consecutive bearish candles without a bullish one, and the dual lines opening downwards, it indicates that this downward trend is basically irreversible.