This round of decline is primarily driven by technical factors, with news of the Iran-U.S. conflict accelerating the trend. The four-hour chart has entered oversold territory; caution is advised when chasing short positions #Gate广场五月交易分享

ETH/USDT Analysis
Market Overview: Accelerated decline breaking support, bearish trend dominates, four-hour oversold
Technical Indicator Interpretation:
1-hour timeframe price breaks previous consolidation zone, continues downward along short-term moving averages, MACD shows a death cross downward, green bars continue to expand, downward momentum is high; RSI drops to 24.45, entering oversold territory, but no clear sign of trend reversal yet.
4-hour timeframe price breaks all moving average supports, forming a continuous downtrend with a bearish arrangement, MACD shows a death cross with green bars steadily enlarging, downward momentum shows no signs of weakening; RSI drops to 29.07, near oversold, short-term technical rebound needed, but overall trend remains bearish. During the decline, trading volume continues to increase, selling pressure is concentrated, bullish momentum is clearly insufficient, volume and price movement are weak, and the short-term downtrend is unlikely to reverse. #CLARITY法案参议院通关