Currently, the price trend of Ethereum (ETH) exhibits significant interconnected characteristics, and its market performance is overly dependent on other cryptocurrencies. Taking yesterday's market conditions as an example, in the absence of substantial news-driven factors, Ethereum was passively lifted by the collective rise of altcoins, making it difficult to establish an independent market trend based on its own fundamentals.

From a technical analysis perspective, the current price of Ethereum is nearing a critical position on the long-term downtrend line. This sensitive point has become the focal point of the tug-of-war between bulls and bears, with market divergence significantly intensifying. Based on technical patterns and market sentiment, there are two possible scenarios for future trends, as analyzed below:

First scenario: The price continues to oscillate and build momentum below the trend line, and as short-seller strength gradually increases, it ultimately faces pressure and breaks below the trend line, initiating a new round of downward market movement;

Second scenario: If bullish funds manage to collectively break through the trend line resistance strongly next week, there may be a technical pullback to confirm the effectiveness of support, and after the pullback stabilizes, an upward trend is expected to continue.

Personal opinion: Short-term cautious, medium to long-term optimistic, for reference only.