One-hour level (after US stock market opens for 1 hour)

1. Rhythm: Liquidity is released after the US stock market opens, Ethereum experiences a slight pulse upward, then selling pressure enters, overall rallying and then falling back, the one-hour candlestick shows an upper shadow, indicating that the bulls' offensive is not sustained, rebound volume is weak, and the price drops back into the 1740-1760 consolidation zone.
2. Indicators: The one-hour MACD red histogram is shrinking rapidly, RSI has not broken above 50, the rebound is a short-term correction from oversold conditions, with no reversal of the bullish trend.
3. Key levels: Short-term resistance at 1775-1780, support at 1735. Once it breaks below 1735, the downward momentum will accelerate again.

Four-hour level (major structure)

1. Overall trend: The 4-hour remains in a bearish channel, with prices continuously trading below the moving averages, which are arranged in a bearish configuration. All rebounds are suppressed by the moving averages, indicating a downward continuation pattern with no bottom stabilization signals. MACD is below the zero line, dominated by bears, with only slight volume reduction and no effective golden cross reversal.
2. Pattern: Bollinger Bands are opening downward, with prices staying close below the middle band. The strong resistance zone is between 1780-1810; as long as the price cannot stabilize above this range, the bearish structure remains. The core support is at 1700; if this level is broken, the next target is around 1650.
3. Cycle linkage: The 4-hour trend is downward, with a brief short-term rebound on the 1-hour chart. The levels are inconsistent; intraday rebounds are more suitable for short positions, and contrarian long positions have a lower risk-reward ratio.

Comprehensive conclusion

The US stock market opening for one hour only causes short-term fluctuations; the 4-hour downtrend remains unbroken, and subsequent pressure is likely to push prices lower, with limited space for rebounds.
Information is for reference only and does not constitute investment advice.