From the perspective of ETH technical parameters, the probability analysis of future upward and downward movements:

Upward probability approximately 40%:

There is a certain level of support in the short term, and there may be upward recovery momentum. Although the current trading volume has decreased compared to the previous peak, there are signs of stabilization recently. If the subsequent trading volume increases along with the price, it may drive the upward movement.

Downward probability approximately 60%:

The latest price is far below the long-term moving average, and the long-term trend still leans downward. For the price to rise, it needs to break through this moving average resistance, which is quite challenging.

Historical trend: From the candlestick chart, the previous price dropped significantly from 3,250.66. Although there was a rebound, it is still in the recovery phase after the decline, with significant pressure from trapped positions above, limiting the rebound space, and the overall trend is bearish.

However, the cryptocurrency market is influenced by various factors such as news and market sentiment. Technical indicators are for reference only, and the actual trend may deviate from technical predictions. $ETH