"ETH collapse? Breaking through key support, bears control the market!"
From the 4-hour chart, ETH's recent trend is worrying - after breaking through $4,100, the price has been falling straight down, and the bearish atmosphere has completely dominated. Now that ETH has broken through the key support line, it is difficult to see hope of a rebound in the short term, and it is still in a clear downward channel.
The signal of the MA moving average system, the current price continues to run below the moving average, the power of the bears can be seen, and market sentiment has become increasingly depressed. If this trend is not reversed soon, it may trigger more panic selling.
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