From the four-hour perspective of Ethereum, the intraday opened and tested recent lows, then rebounded slightly. Currently, it is operating near the lower band. The Bollinger Bands are opening downward in the short term, the MACD fast and slow lines are extending downward, and the bearish volume bars are increasing. Overall, although there is a short-term rebound, from the four-hour view, the VOI volume indicates that buying momentum remains weak. It is not advisable to expect significant rebounds for now. The evening strategy remains bearish at high levels.