#ETH🔥🔥🔥🔥🔥🔥 Short-term (Hourly Level)

From the 1-hour candlestick chart, after the price touched the low of 4518, there was a rebound, but overall it is in a recent downtrend. The previous small platform resistance (for example, the 4700 - 4750 range) can be monitored above. If the rebound is weak and support at 4588 is broken again, the probability of a continued bearish trend in the short term is high; if it can break through the resistance area with volume, there may be further rebound potential.

From a medium to long-term perspective

It is necessary to combine daily charts and news (such as ETH ecological progress, macro policies, market sentiment, etc.) for a comprehensive assessment. Currently, if we extend the daily level from the chart, the strength of the rebound after the short-term decline remains to be observed. The medium to long-term trend is greatly affected by ETH's own technical upgrades (such as the Cancun upgrade, etc.) and the overall environment of the cryptocurrency market (Bitcoin trends, regulatory dynamics).