$ETH ETH sharply declined from the high point of 1690 last night and entered a downward trading phase

The rebound strength was weak, and the price remained under pressure below the middle band of the Bollinger Bands
The KDJ indicator is in a low, sluggish state, with the bears dominating
There is no effective counterattack action from the bulls, and the short-term downward trend has not been reversed
The middle band of the Bollinger Bands forms a key strong resistance level
If the market cannot stabilize above this level, the weak pattern will be difficult to change
Currently, narrow-range weak oscillation is most likely a continuation of the decline
There is still a possibility of further decline to 1630
Caution is advised, focusing on the bears and the bearish mindset to respond to the market