#数字资产市场洞察 4-hour online, Ethereum's recent correction is quite fierce.

The MA5, MA20, and MA60 moving averages have all been broken, forming a typical bearish suppression pattern. The price repeatedly rebounds but gets stuck below the moving averages, indicating a clear bearish signal technically. Even more concerning is the indicator side—MACD has formed a death cross at high levels and started to decline, with the fast and slow lines breaking below the zero axis, confirming a reversal in the bullish-bearish trend. The green momentum bars continue to enlarge, suggesting that the downward momentum during the short-term correction still has strength.

From the chart, it’s evident that this wave of correction has not yet completed.

**Here's how to monitor your operations**

Pay close attention to the 2950-3000 range, which is the ceiling for the rebound. If the price encounters resistance here again, it’s a clear signal that bears are adding to their positions. If this level cannot be broken, the targets below are sequentially:

2900 is the first support. If it cannot hold, then look directly at 2840. Further down, there are levels like 2780 and 2700. Follow the trend’s rhythm and avoid fighting against the market.

In the short term, this correction still favors the bears in terms of overall pattern. Rebounds are opportunities for high-position selling.