Today, Ethereum is showing a pattern of low-range narrow fluctuations and recovery, with the overall major trend still leaning weak.

The daily chart maintains a downward trend, with short-term moving averages continuously suppressing the price, and the bearish overall direction remains unchanged. On the 4-hour chart, after reaching a low, there was a slight rebound, temporarily stabilizing in the short term. Short-term bulls have a small upward momentum, but the rebound strength is limited.

The hourly chart shows small fluctuations, in a range-bound consolidation state, with obvious resistance above and a stable support zone below. On the technical indicators, the daily bearish signals are still present, short-term indicators have some recovery, but no strong reversal structure has formed.

In terms of operation, the current market mainly consolidates and tests lows, with significant resistance pressure above. Once the lower support zone is broken, the decline will continue. It is not suitable to blindly chase rallies at this stage; the overall strategy remains to go short at high levels and cautiously buy rebounds at low levels.