The price of ETH is currently maintained in the rising channel. EMA12 on Vegas has broken through EMA144 and EMA169, indicating a strong bullish trend. It spreads on the Bullinger band, indicating the bulls trend, and the gold cross trend on MACD is also obvious. However, in the short term, the ETH sharp decline correction has sufficient kinetic energy, and it is expected that there is still room to rise, but there will be a market correction in serious overbought. With our analysis of the medium term, ETH is still in the Bear market in the long run. Traders, please don't lose confidence. Traders of the Bear market can still find short opportunities in this form.