Spent quite some time analyzing ETH's 1-hour chart, and the technical details clearly reveal the market's temperament.

The Bollinger Bands are opening downward, with the price repeatedly bouncing between the middle and lower bands. The moving averages are arranged very stiffly—short-term averages are firmly pressed on top, indicating a clear lack of upward momentum. As for the MACD indicator, it’s still making small moves below the zero line, with the fast and slow lines showing signs of convergence but far from forming a golden cross. Taken together, these signals can only confirm one fact: the weak trend is still ongoing.

On-chain performance is also quite dull. Large holders haven't shown significant large transactions, and the activity of retail traders is average—nothing suggests major capital moves by the main players. Plus, recent news has been particularly quiet, with no major positive catalysts to stimulate the market. The trend is basically driven by technicals alone.

After verifying multiple data rounds, the conclusion is firm: in the short term, ETH is likely to remain in a sideways, bearish rhythm. Don’t be fooled by those sudden small rebounds. A trend reversal won't happen just because of a few minutes of volatility; real breakouts require confirmation from both volume and price structure.

After so many years of trading, one key lesson is—when the market is hard to read, focus even more on key indicators. The current pace isn’t suitable for impulsiveness; wait until the structure becomes clearer. Remember, trading is fundamentally about cognition and self-discipline, not luck.