ETH suffered a setback, where is the bottom?

From the candlestick analysis, there is support in the previous low point range of 4050-4100, with the expectation of a rebound to the 4300 range, but this may not be the true bottom. On the 4-hour level, the MACD is still in the death cross phase, and we need to wait for the selling momentum to weaken and for a golden cross to appear, which would be a more reliable entry signal; the RSI value is extremely low, and it is temporarily not advisable to catch the bottom. It would be more prudent to enter after a brief rebound.

It should be noted that the MACD is a lagging indicator; although it cannot accurately predict the bottom, it can clearly capture subsequent entry opportunities after a market reversal. The strong support below is at 3950-4050. If this area is breached, the downward space will open further.

Currently, the direction is unclear after the waterfall decline. It is recommended to wait for the US stock market to open and observe the trend before considering entering the market, and be sure to set a stop-loss to prevent risks.