Ethereum (ETH) has performed remarkably recently. After breaking through the $4700 mark on the 14th, the market showed clear signs of a top. Subsequently, a anticipated downtrend began on the 15th.

Currently, the dual central downtrend on the 1-hour timeframe is approaching its end, which may indicate a rebound in the short term. However, this rebound is likely to be temporary, after which the market may continue its downward trend.

It is worth noting that the short positions opened around $4738 are still ongoing, indicating that some investors remain cautious about the market outlook.

For the upcoming market trends, investors should closely monitor the confirmation signals of price movements. Once a clear market direction emerges, we will update the analysis promptly to provide references for investment decisions.

In such a volatile market, investors need to remain calm, manage risks effectively, and flexibly adjust their positions based on their investment strategies. At the same time, they should pay attention to macroeconomic conditions and industry dynamics, as these factors can significantly impact the price of ETH.