Although ETH's short-term fluctuations are different from BTC's, there are still some similarities between the 3-day line on the daily chart and the 8-hour structure of BTC. That is, there is a deep retracement and then a top pressure to form a top three, so there is such a trend of thinking. That is, short-term pull-up, but back below the blue zone, it can be judged that it is a false breakout and the downtrend will continue.

Note that this judgment needs to be established in the structure of "up and then down" to be valid. It is just a potential possibility. Recently, the bulls and bears are very different, so be cautious when placing orders.