🔥ETH has been repaired as scheduled. Did you catch this rebound?

Bitcoin is still hesitating, while Ethereum has already taken the lead in breaking out of the oversold correction trend. Since stabilizing at the 1503 low point, the 4-hour bullish momentum is indeed effortful—MACD has a golden cross and is expanding from the lows, and the short-term EMAs are all turning upward to support the rally.

⚠️But! Don’t let a single bullish candle change your outlook.

The 30-day and 120-day moving averages are still pressing down from high levels, and the overall bearish trend has not reversed. This is merely a technical oversold rebound. Currently, the upper band of the 4-hour Bollinger is the first hurdle; without breaking 1720, continuation is unlikely.

The short-term 1-hour chart already shows signs of fatigue above 1720, with the MACD red bars shrinking, and KDJ/RSI simultaneously pulling back. This is a typical “high-level sideways consolidation,” digesting selling pressure from above.

💡Trading idea: Keep an eye on the 1-hour Bollinger lower band support; as long as it holds, there’s still hope. Once it’s broken, it’s likely to test the previous low support on the 4-hour chart.

👇Do you think this wave can break through the resistance? Share your thoughts in the comments.