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ETH has been rebounding for 53 days since 1748. Currently, the rebound is nearing its end, and a reversal point may occur this week or next week. After ending the rebound from 1748, ETH will continue to decline, and 1748 cannot serve as a bottom.
The overall approach remains consistent with the view in Sunday’s video. The short-term ETH movements are divided into two scenarios as shown in the chart:
Red: Accelerated upward movement in recent days with no significant correction. Under this path, there is a high probability of another peak above 2386 (based on BTC breaking through 76,000; even if ETH does not break its high after BTC surpasses 76,000, the rebound could end at any time).
Blue: Deep correction and sideways consolidation in recent days, followed by a continuation along the blue path, meaning no new highs will be reached. The turning point for ETH’s accelerated decline is expected to occur this week or next week.
After 4.2, no 4-hour candlestick body should close below 1938. If it does, there may be no further highs or significant rebounds, and the trend could shift into a downward phase.