Looking at the ETH candlestick chart, four out of the last five candles have broken below the key level of 3100. To be honest, this trend is indeed a bit uncomfortable, but it doesn't necessarily signal an extreme situation.

3100 is an important technical support for Ethereum. The repeated testing of this level indicates that market competition is quite fierce. Four candles breaking below this level suggest that the bears are gathering strength, but at the same time, we need to see how the volume is cooperating—sometimes a break with low volume can indicate weakness rather than strength.

From historical experience, this kind of repeated bottom testing usually results in two outcomes: either the price continues downward to find new support, or it accumulates enough bullish momentum at some level to rebound. The key is to watch how the next few candles develop and whether the overall market sentiment is truly bearish.

In the short term, caution is definitely warranted, but there's no need to be overly pessimistic. Pay more attention to trading volume and the strength of the breakout; these details often tell us more than simply looking at how many candles break below a certain level.