The strategic approach hits perfectly, and the market declines as expected. The current chart has broken below the previous 62,300-63,800 consolidation zone, breaking downward. The candlestick is closely hugging the lower hourly band, operating along the Bollinger lower band, with the middle band at 62,800 forming strong resistance. The downward momentum is still being released. Ethereum also broke below the key support at 1,650, and the current trend remains bearish.

Currently in a low-position correction phase after a sharp decline, lacking bullish reversal signals. If it cannot quickly recover above 62,300 and 1,660 later, the weak market structure will be hard to change. We need to wait for increased volume to stop the decline or for a bottom formation to appear before assessing whether a rebound is possible.
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