The market is converging quite strongly, with smaller fluctuations, multiple attempts to push higher and then retreat. It’s very difficult for Ethereum to effectively break through the 1700 level. The four-hour MACD is approaching the zero line at a critical resistance level, and the price is touching near the MA60. Next week is highly likely to see a trend reversal. On the daily chart, it still shows a weak rebound within a downtrend, with no effective second retest. The bulls have not increased volume, and before volume expands, the strategy remains to short at high levels. This analysis is for medium to long-term reference on the daily chart. For short-term trading, check the precise subscription updates #我的Gate交易时刻 .