Midnight Ethereum completed its bottom search near 2102 and then launched a continuous rebound. Morning bullish sentiment warmed up, with the price oscillating upward throughout the session and experiencing a rapid surge in the latter part of the night, touching 2168. Subsequently, the price entered a consolidation stage at higher levels. Although consolidation attempts to explore further upside multiple times, selling pressure gradually emerged, and the momentum above 2160 started to weaken. Currently, the price has retraced to around 2153. Overall, this round of gains is more of a technical recovery following the earlier decline, and the inability to achieve further volume breakout at higher levels indicates that the short-term momentum is shifting from strong to moderate.

From the current chart perspective, the 1-hour level shows signs of stagnation at higher prices after the rally, with the Bollinger Band upper rail gradually flattening, and price action returning to run near the middle rail, suggesting that short-term bullish momentum is weakening. The 4-hour cycle, although still within a rebound structure, faces continuous resistance in the 2165-2170 zone without forming an effective breakthrough. Volume at higher levels has not continued to expand; instead, certain divergence signals have appeared. Currently, the 2150 level below has become the short-term dividing line. Once broken, the pullback is likely to extend downward. Therefore, the subsequent operational approach is clear: focus on shorting and look for downside space to be released. #BTC突破71000美元 $ETH