Looking at recent Ethereum trends, there are actually very few truly negative factors that can be pointed out—mainly just the expectation of international interest rate hikes. But here's an interesting point: the price itself hasn't shown particularly strong downward momentum.

Looking at the voices in the marketplace, almost everyone is bearish and adopts a short position. This makes one wonder: is the market releasing a smoke screen?

From a contrarian perspective, when market participants hold overly consensus views, it often becomes a trap. The strong short-selling sentiment might actually trigger a quick rebound if any positive signals appear. For now, we need to closely observe whether Ethereum can hold its key support levels and the actual implementation of the rate hike cycle.