After the early morning hours, Ethereum as a whole experienced a rebound, touching around 2219 at the top without further continuation, followed by a quick pullback wave, with the lowest reaching near 2150 before gradually stabilizing and returning to around 2200 for consolidation. Looking at the past few hours from early morning to now, the overall rhythm is actually very clear: the price couldn't go higher at elevated levels, and after dropping to lower levels, it quickly bounced back. Currently, the market continues to oscillate back and forth within the range. While such movement appears not very significant, it actually indicates that after the previous rally, short-term sentiment is becoming cautious, with funds mainly doing position rotation at current levels while accumulating strength for subsequent breakthroughs.

From the 1-hour level perspective, although the market recovered some losses after the early morning pullback, the rebound process lacks continuity. The price probed upward multiple times but failed to form stronger upward momentum, and short-cycle moving averages are also gradually flattening, indicating that this is more of a weak recovery rather than re-entering a strong uptrend. On the 4-hour level, the overall rhythm has clearly slowed after pulling back from highs, and the structure formed by the previous rebound has entered a consolidation phase. Resistance remains present at the top, while K-lines continuously move around the midline, suggesting that the short-term direction hasn't fully opened. Under such market conditions, rather than blindly chasing rallies, it's better to continue viewing this from the perspective of shorting after rebound resistance, because what the bulls truly lack right now is sustained volume expansion. Once the upper side fails to break through persistently, there will likely be another pullback for confirmation later. At this stage, going short is more aligned with market rhythm than chasing longs. #Gate13周年全球庆典 $ETH