The Ethereum (ETH) market has recently experienced a severe fluctuation, with prices once falling to 4228 USD, attracting widespread attention from investors. Although the price has temporarily stabilized around 4260 USD, the market trend remains full of uncertainty.

Analysts point out that this wave of fall is not merely a market adjustment, but may be the beginning of a larger scale correction. The hourly candlestick chart shows that the continuous downtrend has shattered investors' expectations of a "bottoming rebound." It is worth noting that the price level of 4200 USD may just be a node for bears to test the market's capacity.

From the perspective of capital flow, on-chain data shows that approximately 32,000 ETH have been transferred to cold wallets in the past 24 hours. This large-scale capital transfer is often seen as a potential signal of market pressure. At the same time, regarding market sentiment, although many investors are still calling for a bottom near $4,300, the true market bottom often appears when pessimism prevails and most people give up hope.

In light of the current market environment, investment experts recommend that retail investors adopt the following strategies:

1. Avoid blindly guessing the bottom; the market bottom is usually formed gradually during the trading process.
2. Follow market trends; when the hourly level shows a bearish arrangement, it is not advisable to operate against the trend.
3. Strictly control your position, use small amounts of capital to test the market, and avoid full position operations.

In addition to ETH, the market should also pay attention to the performance of projects such as BIO, API3, POND, TST, and MDT.

The volatility of the cryptocurrency market has always been its significant characteristic. Investors should remain rational, continuously monitor market dynamics, reasonably assess risks, and develop investment strategies that suit themselves. In this rapidly changing field, obtaining accurate information in a timely manner and maintaining calm judgment is crucial.