Regarding the technical outlook of ETH, let's review it across multiple timeframes.

On the weekly chart, the hidden downtrend has been established, which is a significant signal. Looking down to the 3-day chart, the downward gap pattern is still ongoing. On the daily chart, after a death cross, a rebound has occurred; it is crucial to monitor how far this rebound can extend, as the rebound magnitude will determine the depth of the subsequent decline.

The 12-hour chart shows a unilateral downtrend, but the 1-hour chart has experienced a rebound, accompanied by divergence signals. The 30-minute chart has already reached the bottom area, and the 15-minute chart is currently rebounding. Overall, the market appears relatively weak, with insufficient market sentiment strength.

From the data, ETH's long-short ratio is at 3.43, and the fear index is at 22, reflecting a cautious market sentiment.

Operational suggestions: Do not rush to act without a clear pattern, and avoid opening positions casually without a well-thought-out stop-loss. Resistance levels to watch are 2836, 2879, 2919, and 2970; support levels are 2800, 2764, 2725, and 2685. Observe more and act less; patiently wait for the pattern to fully develop before making moves.