$ETH is in a critical support testing period after a sharp decline. 2950 is the dividing line between bulls and bears. There is a short-term rebound demand, but the overall pattern has not yet shifted from danger to safety.
Head/Double Top Pattern: If we consider the high point at 3446 and the recent high around 3380, this is a potential wide double top or top structure of a consolidation zone. Currently, the neckline is being tested.
Stabilization Attempt After a Sharp Drop: The current 4-hour candlestick shows a small bearish candle or doji with a lower shadow, indicating that there is some