The M-plate trading hours, Ethereum is in a volatile phase, with the technical outlook generally weakening. The one-hour chart shows the price staying near the middle band of the Bollinger Bands. Regarding the indicator, the MACD bullish momentum is shrinking, and the dual lines are operating below the water. My personal view on the upcoming trend is that it is more likely to oscillate and continue to pressure downward, gradually exhausting retail investors' inflows. Market data indicates a overall shrinking volume; although capital flow is returning, the inflow magnitude is not optimistic enough, so a short-term bearish outlook is maintained.