Ethereum rebounded from the low of 1653, reaching a high of 1732, currently oscillating near 1721 at the high end, with a clear bullish trend compared to Bitcoin. The Bollinger Bands are opening upward, and the price is running close to the upper band. The short-term bullish trend is still continuing, but the KDJ indicator is turning at a high level, and momentum is slowing down, indicating a technical pullback demand. OBV volume remains above the moving average line, suggesting that the rebound still has capital support, and the selling pressure at high levels is temporarily weak. The current market is in a phase of technical correction after bottoming out, with oscillations at high levels being a normal rhythm.

In the short term, prioritize waiting for a pullback and stabilization signals, and avoid blindly chasing highs.
Resistance above: the intraday high of 1732, after breaking through, look towards the 1750-1780 range.
Support below: the middle band of Bollinger at 1719, with the 1715-1700 range as a key retracement level. If not broken, there is still a chance for a second surge.