First, let's talk about Ethereum. From last night's trading session at nine o'clock until this morning's daily close, Ethereum has been contesting around 1775. Looking at the one-hour chart, we see a shooting star forming a bearish candlestick, along with a hanging man, and a doji. This is purely a struggle for direction. At four o'clock in the morning, the one-hour KDJ showed a death cross with Ethereum at 1775. This morning at ten o'clock, when the fast and slow lines of the one-hour MACD had a death cross below the waterline, Ethereum happened to accelerate downwards around 1755, hitting a daily low of 1620 before rebounding to 1680. We can see that in the process, there was a small doji on the one-hour at around 1730. There were indicators showing opposing sentiments, but the selling pressure was too heavy, causing a drop. We have marked all these positions.

The four-hour EMA30 and one-hour EMA120, 144 are far away at around 1850. They are far beyond our reach, lacking reference value. As a mirror reference, the potential space below is also far away at around 1510. The one-hour EMA30 is around 1740, and the daily low is at 1620, with the current price right in the middle range. Even if there is volatility over the weekend, it will not cross this boundary.

Ethereum has recently dropped quite rapidly, but the rebound movements that occurred have not been minor. A reasonable approach would be a downward consolidation, with the major coin moving downward as well, high likelihood of a bearish decline. Shorting around the 1700 area is feasible, and the replenishment and stop-loss zone can refer to 1735, as the recent volatility has been particularly large and the market leverage has been lightened; the fluctuations may be significant. A conservative replenishment and stop-loss zone is at 1755. The target defaults to the previous low, as the rebound in a bearish decline is generally larger than the downside pressure; it’s up to personal choice.

Yesterday I didn't write about Ethereum, and today I'm not writing about the major coin, which seems reasonable, right? Never mind, I’ll just provide a simple update.

The fifteen-minute EMA120 and one-hour EMA30 are at 63800.
Actually, following yesterday's actions would be fine. Yesterday, three possibilities were deduced, and the overlapping part of those three possibilities indicates that the one-hour decline will be interspersed with a rebound in the fifteen-minute chart. Just as expected. Of course, after completing that, the market went through another fifteen-minute decline, within the fluctuation range of the one-hour. The 61000 level for the major coin is quite hollow, and the greatest possibility going forward is that after the one-hour consolidation, a fifteen-minute decline will lead to an hour decline, with the lower boundary at around 58500. We can stick to yesterday's approach.

Pay attention to the 61000-64200 range. You can short repeatedly around 63500-63800, or short at 63000 and replenish at 64200 while placing stop-loss above 64800. For now, do not consider the possibility of a one-hour rebound.

Next, let's play a bit of metaphysics, talking nonsense for a while. The price of the major coin is at half of the peak of the bull market, while Ethereum is at one-third, with a different frequency at one-sixth as the potential space below, that is, the minimum below the major coin is around 52100. The highest rebound level for Ethereum is at 1954, which is too high, so we take one-twelfth, which is 1815. This is just below the one-hour EMA120, four-hour EMA30, and daily EMA7.

So, at this stage, the bottom for the major coin can be seen around 52100, close to fifty thousand, and as long as it does not break below, it matches the expectations of the majority. If the major coin also takes one-twelfth, then it would be around 57800. This aligns with the next target for the bears.

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