The future trend of Ethereum (ETH) is at a critical moment. From the weekly chart, the important level of $4010 is crucial. If the weekly close can remain above this level, it may help avoid further falls. However, if it breaks below this key support level, we may see a deeper correction.

The current weak performance of ETH is closely related to its exchange rate with Bitcoin. Observing the daily chart of the ETH/BTC exchange rate, we find that an important upward candlestick has been broken. Unless the ETH/BTC exchange rate can rise above 0.03753 again, this ratio may continue to decline. This exchange rate dynamic directly affects the dollar price performance of ETH, with a clear positive correlation between the two.

In the short term, a bullish flag pattern has appeared on the hourly chart. If this pattern is broken downward, it may provide a trading opportunity for bears. However, before a breakout occurs, the market may continue to oscillate within this pattern. In this case, maintaining a wait-and-see approach is also a wise strategy.

Traders should closely monitor changes in trading volume, as this may provide important clues for future trends. At the same time, setting appropriate stop-loss levels is also key to risk management.

In the current market environment, the statements from Federal Reserve officials may also have an impact on the cryptocurrency market. Investors need to pay attention to both macroeconomic factors and technical indicators to make more comprehensive judgments.