Looking at ETH again, the next trend is also very obvious. On 3.11, after a new minimum of 1750 over the last 10 days, a flat flappening of the 1-day line is taking place, the current 2-day linear golden cross has also already formed, therefore the weekly MACD has released an empty energy column, which is a signal of temporary decline and slowdown. The high bounce point after the action of the flappening of the 2-day line was around 2280, and then after a week or two, the flappening of the 3-day line was launched, and the high point was around 2424. Overall, it is difficult for the flappening of the 5-day line to work. Therefore, if ETH bounces to 2280-2424, it is an opportunity for bulls to escape. Once this flappening ends, the sideways correction will turn into a dead trap for a few days, and then it will return and reach a new minimum. If you are still dreaming of returning to 3, 4k or even 8k, I advise you to wash and sleep. Blind optimism equals irrationality. Escaping the trap and running away is a hundred times better than continuing to dream and draw. It is much safer to bounce and intrude into short orders than to go long and up. At least the first half of the year cannot be optimistic.

After the end of the last bull market, the monthly chart of ETH showed three consecutive bearish candles, followed by a bullish candle. Now it has four consecutive bearish candles without a bullish one, and the double lines are opening downwards, indicating that this downward trend is largely irreversible.