Ethereum has experienced two consecutive days of increasing volume decline, and has broken below the short-term trend line, indicating that the major players have begun to distribute.

From a pessimistic perspective, the short-term upward trend has been damaged, and the short-term upward trend may slow down or has already ended.

From an optimistic perspective, Ethereum has not yet broken below the short-term support level, so there is still some hope for continuing to rise and break through the historical highs.