The opening of the Bullinger band shrinks, indicating that the price trend of ETH does not fluctuate much in the short term. It will fluctuate between the Fib Retracement 0 and 0.236 line. In the short term, the price will decline slightly. It is worth mentioning that the price is close to the important resistance line 1716. The breakthrough and blocking of the price will be an important basis for us to judge whether it is a bear market or a bull market in the future, and we will maintain observation for 1716 in the future.