$ETH The 4-hour chart shows that after a deep decline earlier, Ethereum's bottom no longer makes new lows. The Bollinger Bands are gradually narrowing and turning upward. The price continues to stay above the middle Bollinger Band. The large-scale downward momentum has been fully released, and the bottom repair structure is intact. The overhead resistance zone is only short-term profit-taking pressure, which does not change the overall bottoming and rising rhythm.

On the 1-hour chart, the current pullback breaking below the middle Bollinger Band is just a retracement and shakeout during the upward trend. The support at the lower Bollinger Band is solid, and the retracement space is relatively limited. Once the price stabilizes after the pullback, bullish funds will re-enter. As long as the core bullish lifeline at the 4-hour Bollinger Band middle line is not effectively broken, this rebound upward trend will not be disrupted.
Short-term, the support level for a pullback is a good opportunity for long entries. After stabilizing above the 1-hour Bollinger Band middle line, the price will push upward again to test the upper resistance zone. Overall, the outlook remains bullish.

Ethereum trading suggestion: Buy near 1670-1640, target up to 1730.