Today, the Ethereum market is showing a significant fall, forming a long bearish candlestick. The subsequent doji pattern indicates the possible arrival of a short-term top. Despite this, the Trading Volume has not shown a significant increase, the 30-day moving average on the daily chart is still maintaining an upward trend, and the price is still running above this moving average, indicating that the daily level upward trend has not changed.

The price fell back to near the 8-hour 52 moving average and found support, beginning to show a slight rebound. However, this is not a strong support level. Investors need to closely monitor the further movement after the hourly level rebound, as the price may continue to drop towards the 12-hour (4221) and daily 52 moving average (3860) positions, after which a stronger rebound may occur.

In terms of trading strategy, it is recommended to moderately reduce positions during rebounds, and to gradually build positions when the price falls back to the 12-hour and daily support levels. It is worth noting that during Ethereum's adjustment period, it is often a good opportunity to gradually buy other tokens within the Ethereum ecosystem.

From a technical perspective, the main resistance levels on the daily chart are at 4610, 4820, and 5000, while the key support levels are at 4150, 3860, and 3666. Investors can adjust their trading strategies based on these key levels to seize market opportunities.