Ethereum's recent trend has indeed been a bit overwhelming for bullish traders. From a technical perspective, the price has broken through multiple support levels, and the bearish sentiment is quite strong. The trend seems to be continuing downward, with a high possibility of hitting new lows.

Honestly, it's hard to find a sense of security in the current market. Take, for example, a project mentioned in the live broadcast two days ago: the stop-loss wasn't triggered, but the account kept bleeding. What's even more frustrating is that many tokens can't break through the 126 price level; every rebound appears weak and unconvincing.

In this kind of market, traders' mindsets are generally conservative. As long as they don't get caught in a trap, just getting out intact is considered a win. Some people are starting to actively close their positions, fearing further declines. It seems everyone is waiting for a clear signal, but so far, the bulls haven't provided a convincing reason.