ETH has recently seen a strong market reaction, with market participants' expectations regarding policies related to major US political figures indirectly affecting crypto market sentiment.

From a technical perspective, Ethereum's daily chart performance is worth noting. The price has pulled back after touching the upper band of the Bollinger Bands and is currently oscillating around the middle band. The MACD indicator's DIF line has already turned downward and crossed below the DEA line, which is a typical bearish signal. Meanwhile, trading volume has decreased, further confirming the short-term market weakness.

Key support levels need to be closely watched to see how strong the downside support is. Currently, this correction phase is far from over, and investors are advised not to blindly bottom-fish, as it is easy to get trapped. Additionally, there is still a risk of black swan events within market expectations, so caution is advised.