Midnight Ethereum completed its bottoming near 2102 and launched a continuous rebound. Morning bullish sentiment warmed up the market, with prices oscillating upward throughout the session and experiencing rapid rallies in the latter half of the night, touching a high of 2168. Subsequently, highs entered a consolidation phase. Although consolidation saw multiple attempts to push higher, selling pressure gradually emerged, with momentum above 2160 beginning to weaken. Currently, the price has retraced to around 2153. Overall, this rally is more of a technical correction following the earlier decline, with highs failing to achieve further volume breakouts, and short-term momentum beginning to shift from strong to moderate.

From the current chart perspective, the 1-hour level shows signs of high stagnation after the surge, with the Bollinger Band upper rail gradually flattening. Price action has returned to around the middle band, indicating weakening short-term bullish momentum. The 4-hour cycle, while still within a rebound structure, faces continuous pressure in the 2165-2170 zone without forming an effective breakout. High-level volume also failed to expand further, instead showing divergence signals. Currently, the 2150 level below serves as a short-term watershed. Once breached, the pullback is likely to continue downward. Therefore, the subsequent trading strategy focuses on shorting highs and watching for downside space release. #BTC突破71000美元 $ETH