Looking at ETH again, the next trend is also very obvious. 3.11 out of a new low of 1750 after the last 10 days has been running the 1-day line level reversal, the current 2-day line golden cross has also been formed, so the weekly MACD released a hollow energy column, which is a signal of temporary decline and deceleration. The high point of the rebound after the 2-day line reversal took effect was to hit near 2280, and then the 3-day line level reversal was launched after a week or two, and the high point was near 2424. Generally, it is difficult for the 5-day line reversal to take effect. Therefore, if ETH rebounds to around 2280-2424, it is an opportunity for the bulls to escape. As soon as this reversal ends, the sideways shock will turn into a dead fork for a few days, and then it will turn around and hit a new low. If you're still dreaming of going back to 3, 4k, or even 8k, I advise you to wash and sleep. Blind optimism equals stupidity. Untying the trap and running away first is far a hundred times stronger than if you continue to dream and pattern. It is much safer to rebound and intervene in short orders than to go long and upward. At least, the first half of the year cannot be optimistic.

After the last bull market ended, ETH's monthly chart showed three consecutive bearish candles followed by a bullish candle. Now, it has four consecutive bearish candles without a bullish one, and the double lines are opening downwards, indicating that this downtrend is basically irreversible.