In fact, it is not just ETH that is bearish; BTC, SOL, and DOGE, which have larger market capitalizations, are also bearish.
Among them, ETH is the weakest, with the most significant drop, breaking through the bullish-bearish dividing line, and the weekly K line is forming a peak, making a downward ABC wave.
The four-hour ETH has shifted from a bullish wave pattern to a bearish wave pattern, so the outlook is bearish. Then why not short?
Once the weekly K line makes a strong move and breaks out of a downward trend with a bearish candle, it will reach 3500.
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