ETH experiences a bearish trend after a sharp decline! The rebound in the short term is weak, and it has broken through the key support line!
From the 4-hour chart, ETH has shown a continuous downward trend after breaking the high point of 4100 USD, and the price is extending downward again, making the bearish pattern increasingly obvious. Currently, the short-term MA moving average system clearly indicates that ETH is consistently operating below the moving averages, and the strength of the bearish control cannot be underestimated.
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