Ethereum's current market chart has already entered a corrective phase according to the rhythm, with the price steadily trading above 1717, perfectly matching the rhythm and key levels.

This round of Ethereum's rally from the low of 1653 reached a high of 1732, forming an independent strong trend, with Bollinger Bands opening upward, indicating a clear short-term bullish pattern.
Currently, the market has entered a high-level consolidation stage. Although indicators have pulled back, as long as the support around 1700 holds and the key levels are not broken during the pullback, there is still a chance for a second surge.
Overall, this is a technical correction after a major decline, not a trend reversal. Future focus should be on the breakthrough of support levels and previous highs, patiently waiting for a directional signal.