$ETH Referring to the 3-hour cycle chart of ETH and the 45-minute cycle chart of the currency circle index, the recent market trend is slightly "compact", the medium-term band structure is stable at a lower 3-hour level, and the MACD indicator of ETH is almost glued in this cycle. Since the day before yesterday, we quickly adjusted our strategy to bearish. Although the market subsequently fell accordingly, it is still difficult to determine whether the bottom of this round of band decline has appeared. If the bottom divergence signal of mainstream currencies can be observed on the low-cycle 30-minute or 45-minute chart today, there may be a rebound, but it should be noted that this is only temporary, and the market outlook still maintains a bearish view.