Ethereum current price is 1785, after a surge to the 1848 high in the 4-hour cycle, it has entered a consolidation phase. Currently, the price is stably trading above the 4-hour Bollinger middle band at 1751, and the core support for the bulls has not been broken.

The 4-hour Bollinger channel is generally diverging upward, with a previous sharp rally forming a complete rebound structure. This round of decline is just profit-taking after the rise. The medium- to long-term bottoming and upward trend remain intact. The KDJ indicator has fallen to the low zone, and downward momentum is gradually weakening. There is a need for low-level stabilization and recovery. OBV is slightly below the moving average, indicating slight capital outflow. The short-term rebound strength will be relatively weak, mainly characterized by oscillation and consolidation.

In the short term, focus on dip buying: if support at 1751 and 1762 holds, it can be used to establish long positions; when the rebound reaches above 1800 with heavy resistance and bullish momentum is insufficient, short-term high-altitude selling can be considered to capture the pullback space. Avoid chasing highs and selling lows, and wait for clear signals before entering the market.