Ethereum rebounded from the 1653 low, reaching a high of 1732, currently oscillating near 1721 at a high level, with a clear strength compared to Bitcoin, Bollinger Bands opening upward, and the price running close to the upper band. The short-term bullish trend is still continuing, but the KDJ indicator is turning at a high level, and momentum is slowing down, indicating a technical pullback. OBV volume remains above the moving average, suggesting that the rebound still has capital support, and the selling pressure at high levels is temporarily not strong. The current market is in a phase of technical correction after a bottoming out, and oscillations at high levels are a normal rhythm.

In the short term, prioritize waiting for a pullback and stabilization signals, rather than blindly chasing highs.
Resistance above: 1732, the intraday high; after breaking through, it can look towards the 1750-1780 range. Support below: Bollinger middle band at 1719, and the 1715-1700 range as key pullback levels; if not broken, there is still a chance for a second surge.