The Ethereum (ETH) market has recently shown some concerning technical indicators, which may signal price volatility in the short term.

The 1-hour chart shows that the ETH price has experienced a significant drop, breaking through the important support level of $4728. Currently, the 30-day moving average of $4667 has become a key observation point. If this level is breached, it could further decline to around $4630.

In terms of technical indicators, the MACD (Moving Average Convergence Divergence) has shown a death cross, which is typically seen as a bearish signal. At the same time, the increase in trading volume alongside the price drop may indicate that large funds are exiting the market.

For traders, this period requires extra caution. If the price rebounds and encounters resistance around $4741, it may be a good time to reduce positions. If it falls below $4667, it may be necessary to consider a stop loss.

However, the market is always full of variables. If ETH can stabilize around $4630 and technical indicators show a bullish divergence, it may provide brave investors with a buying opportunity on dips.

It is worth noting that the cryptocurrency market is highly volatile, and investors should make decisions based on their own risk tolerance and investment goals. At the same time, closely monitoring the macroeconomic environment and regulatory trends is also essential, as these factors often have a significant impact on the cryptocurrency market.

No matter how the market changes, staying calm and rational is always the key to investing. Continuous learning and adapting to new market changes are essential to seize opportunities in this rapidly evolving industry.