Ether is currently on the daily chart with the price falling to the middle band of the Bollinger Bands. The MACD currently shows that the dual lines are at a high position above the water with a death cross. This basically confirms a divergence trend here, unless it can stand back above 4450 this week, the death cross and divergence risk will have a chance to be lifted.

According to this trend, as long as ETH does not turn from bearish to bullish on the weekly chart, this wave of decline is likely just the beginning...
Such a large structural top divergence will, in most cases, lead to a deep pullback or even a technical bear market. However, according to the market's consistently torturous pattern, the second week after the death cross may instead continue to rebound.
Ether: 4170 short, looking down at 4070, defending 40 points #BTC #ETH