The market is once again in a weekend oscillation phase. On the hourly level of Ethereum, the price has not continued to make new lows after hitting the lowest point of 1510, but it has also not steadily raised the lows, with trends repeatedly oscillating back and forth. After the sharp drop, short-term bearish momentum has been exhausted, and a slight bullish resistance has formed a sideways consolidation. Each rebound quickly touches the upper resistance and pulls back, with the rebound volume continuously shrinking. The current hourly trend is more like a box consolidation within a bearish continuation pattern. Many friends think this is a bottom-building period after the drop, but for the consolidation box to transform into a bottom reversal, two conditions must be met: 1. The lows gradually rise, and the pullback no longer approaches 1510. 2. Volume increases to break upward through the upper resistance line of the box, and after the breakout, the pullback holds above the upper resistance as support. Only after the breakout is completed will it gradually evolve into a reversal pattern (similar to a rounded bottom or composite bottom). However, bears are currently very strong, and selling pressure can emerge at any time. Considering the weak weekend volume, it is sufficient to maintain a short-term bearish outlook.