The Ethereum (ETH) market has recently displayed a complex technical pattern, with analyses of different time frames revealing a series of trends worth following.

In the short term, the bearish trend has clearly strengthened. The hourly chart shows that the price has fallen below several important moving average supports, the Relative Strength Index (RSI) is close to the oversold area, and the MACD is showing negative values, all confirming the current strong downward momentum. This situation provides potential short-selling opportunities for short-term traders, and it is recommended to follow the pullback shorting point near 3750.

The mid-term analysis also shows a bearish trend. On the 4-hour chart, the price has fallen below the key moving average support, and the Directional Movement Index (DMI) indicates that bears are dominant, further confirming the continuation of the downtrend. Mid-term operations can consider setting a short entry point around 3623, while closely monitoring the EMA200 moving average support around 3300, as this position may become a potential starting point for a medium to long-term rebound.

However, the daily level analysis shows a certain consolidation characteristic. Although the price has fallen below the 9-day moving average, it remains above the 21-day moving average, and the RSI is at a neutral to high level, indicating that the daily momentum is still unclear. The strategy recommendation for this time period is to wait for a breakout of the range; consider going long if it breaks upward above 3720, and a break below 3600 may trigger a larger level of decline.

Overall, the current market presents a complex pattern of short-term bearishness, mid-term caution, and long-term wait for a breakthrough. Investors need to flexibly adjust their strategies based on their own trading cycles and risk preferences. Whether choosing to follow the short-term downtrend or waiting for long-term breakthrough opportunities, effective risk management is always the key to success. In this uncertain market environment, maintaining vigilance, controlling positions, and setting reasonable stop-losses will be important means to ensure the safety of funds.