Ethereum repeatedly confirms in the moving average dense area, and the daily chart has clearly broken down and retested. The essence of this decline is the market clearing excessive leverage, and retail investors are inevitably affected. However, from a technical perspective, this cleansing process is often a precursor to a rebound—once the leverage is cleared, the rally will follow. In the short term, it is advisable to continue going long and wait for a breakout after the moving averages converge. For those trapped positions, patience and waiting for the rebound period will allow you to exit the positions.