$ETH Ethereum four-hour cycle, after reaching a high in the early stage, the upward momentum gradually diminishes, and the overall market begins a sustained decline trend, with the price movement center continuously shifting downward, and the rebound highs gradually decreasing in tandem, clearly showing a bearish dominant trend.

Each rebound in the market lacks sustained capital support, with weak rebound strength, and after a brief correction, it faces renewed downward pressure. The previous oscillation range has now turned into multiple resistance zones, with market funds continuously flowing out and bullish participation remaining low.
Currently, only slight fluctuations and consolidation are seen at low levels, which are merely short-term buffers within the downtrend and cannot change the overall downward trend. In terms of trading, it is preferable to wait for a rebound to the resistance level and then take a short position, avoiding counter-trend bottom fishing. There is still a possibility of downward testing the support zones below.