Last week on Ethereum, the market experienced a deep correction near 3000, followed by a rebound that formed a long lower shadow and a bearish candlestick. It directly fell to the middle support of the monthly Bollinger Bands and then rebounded. However, on the weekly technical chart, the MACD shows a dead cross with both lines above zero, and the bearish momentum continues to increase. On a smaller timeframe, the 1-hour KDJ indicator has entered the overbought zone. Although there is some short-term positive influence on the market, it is not recommended to chase the highs at the current peak. Operation-wise, it is advisable to wait for a pullback before considering further action.