Recently, the market trend of Ethereum (ETH) has attracted widespread attention from investors. From a technical perspective, the four-hour and daily charts of ETH present concerning patterns, seemingly approaching a death cross position. However, we must remember that during a bull run cycle, solely relying on candlestick charts is not sufficient to fully grasp market movements.

There is no shortage of speculation in the market that this could be a technical trap deliberately created by large funds to induce panic. The most likely scenario is that the four-hour chart may first form a death cross today, enticing some investors to go short. Subsequently, the market may experience a sudden rise, causing the daily chart to quickly turn into a bullish signal, thereby continuing the current upward trend.

It is worth noting that the possibility of a death cross on the daily chart is relatively low. If it does occur, it could severely undermine market confidence, leading to a significant decline in trading activity. Considering that the time window of the current bull run cycle is already limited, if the market enters a prolonged adjustment period, it may affect the willingness of new funds to enter.

Overall, although ETH may face some fluctuations and challenges in the short term, investors still need to remain rational, focusing on long-term development trends and fundamental factors, rather than overly relying on short-term technical indicators. In this cryptocurrency market full of opportunities and challenges, it is important to stay alert while also seizing potential investment opportunities.