Ethereum(ETH) market has recently presented an interesting short-term trend pattern, referred to by industry insiders as "three waves of price drops". The core objective of this strategy is to clear out short-term speculators in the market while accumulating positions at lower levels. Let's delve deeper into this phenomenon.

First, the initial wave of price drops usually breaks through significant support levels, such as the $4500 mark. This move triggers profit-taking and stop-loss sell orders, and then the market experiences a slight rebound, attracting some investors eager to catch the bottom.

Immediately afterwards, the second wave of price drops will repeat a similar pattern, further undermining market confidence. At this time, investors who earlier bought the dip may realize that the previous rebound was just a bait, thereby exacerbating panic selling.

Finally, the third wave of price drops pushes market sentiment to the extreme. At this time, remaining short-term investors may sell off in large quantities, while long-term investors may take the opportunity to accumulate at lower levels.

It is worth noting that market analysts predict that ETH may find support around $4260. This prediction is based on technical analysis and previous price fluctuation patterns, while also taking into account the psychological factors of integer thresholds.

However, we must emphasize that the cryptocurrency market is highly volatile, and any predictions come with uncertainty. Investors should make decisions based on their own risk tolerance and investment goals, and should not blindly follow market rumors or short-term trends.

Overall, understanding these market dynamics can help investors better grasp the market rhythm, but at the same time, it is important to remain vigilant and recognize the possibility of market manipulation. In cryptocurrency investment, maintaining rationality and a long-term outlook is crucial.