ETH 1-hour cycle current price is in a clear downtrend, with the price continuously under pressure below the short-term moving averages. The rebound is weak and unable to break through key resistance, with the focus constantly shifting downward. The MACD bearish signal persists, RSI is weak, and the downward momentum has not diminished. The overall structure is dominated by bears, and rebounds are merely corrections. Trading should follow the trend with mainly short positions, and caution is advised when bottom fishing.