Technical analysis of Ethereum today, breaking down from the daily chart to the hourly level.

**Daily chart view: Bottom building phase, pressure is obvious**

The price is fluctuating around 2958, and although the short-term moving averages provide support, the upper MA60(3232) and MA99(3610) form a clear bearish arrangement, indicating that the overall trend is still under pressure. The MACD has formed a golden cross below the zero axis, and the red bars are increasing, which suggests that the previous downtrend has weakened, and we are now in a phase of consolidation at the bottom. The KDJ is in the mid-value zone, with no clear overbought or oversold signals. The key support level below is around 2623.

**4-hour view: Short-term weakness, with a breakout risk**

This period is a bit tough - the price has already fallen below MA10(3003) and MA60(2981). It tried to rebound at 3077 but was directly suppressed (the resistance level of MA99 is right here). This indicates that the bulls lack momentum in this counterattack. The MACD shows signs of a death cross at a high level, and the green bars are shrinking, suggesting a potential reversal. The KDJ's J value has dropped to -1.31, which is in the oversold zone. The short-term downtrend is indeed a bit rapid, and there may be a slight rebound in the near term, but the strength of the rebound is questionable. Continuous downtrends with the center of gravity constantly shifting downwards indicate that short positions still dominate in the short term.

**1 Hour View: Urgently Searching for the Bottom, Patiently Waiting for Stabilization**

The hourly chart is rapidly diving, searching for bottom support. The indicators are extremely oversold, and there is strong demand for a rebound, but a real stabilization still requires confirmation through volume and time. Recently, pay attention to whether it can stabilize at the key support below.

Overall rhythm: The short-term weak pattern remains unchanged, and opportunities for a rebound need to wait for the easing of the upper pressure.