Recently, the price movement of Ethereum has shown a clear downward trend. After the price fell below the lower band of the Bollinger Bands, the short positions trend was confirmed. Although there was a brief rebound, due to insufficient pump momentum, it quickly entered the falling channel again, with multiple support levels being breached in succession.

The current downtrend is not a short-term adjustment, but rather a continuation of the bearish market. Market participants need to closely monitor the performance of key support levels during the subsequent decline. If important support levels continue to be breached, it may trigger a new round of deeper declines.

From a technical perspective, the $4100-$4125 range may become a key area for short positions to enter. If this range cannot be effectively defended, then the $4050-$4000 range will become the next important price target.

In this market environment, investors should remain vigilant, closely monitor market trends, and manage risks appropriately. At the same time, they should also be aware of the potential opportunities that a bear market may bring and prepare for future rebounds. As the main platform for decentralized applications, the long-term development prospects of Ethereum are still worth paying attention to.