On the daily chart, after Ethereum formed a "bearish engulfing" pattern at the 4794 level, it has continued to pull back. The daily-level auxiliary indicator MACD shows a decrease in long positions momentum. If this pullback continues, it is worth following whether a top divergence signal will form here. Currently, on the hourly small level, the price is closely pressed against the middle band of the Bollinger Bands. If the short-term trend cannot break through this technical indicator resistance level, then there is a high probability that it will draw down again.