ETH hasn't collapsed, but rather seems to be building up for a big move
ETH four-hour chart, although it has experienced two waves of decline, the strength of the bears is clearly weakening; both the trading volume and the decline are shrinking.
Moreover, the previous lows have not been broken, and it seems to be quietly forming a bottom.
This trend does not look like it is going to collapse; rather, it seems to be unable to fall further, and a counterattack could happen at any moment.
