ETH daily chart, breaking down, showing weakness, plunging below the lower band of the Bollinger Bands and the lower edge of the range, which is a weaker trend than BTC. The MACD death cross is widening, indicating very strong downward momentum.

The daily chart has already shown a head pattern risk, and the previous high-level fluctuations now have the risk of evolving into a "head and shoulders top" or "M top" pattern, which is a potential medium-term bearish formation.

On the 4-hour level, there is a waterfall-like fall, the pattern is similar to BTC, but steeper, showing extremely heavy selling pressure, with almost no effective resistance from bulls.
In the short term, it will continue to decline weakly, with a drop that may far exceed BTC, key support levels: 4000 USD, 3830 USD.