Ethereum's weekend slight rebound is quite normal, as CME Ethereum options and futures have now achieved 24/7 continuous trading. In the short-term market view, the 1700 level is the first resistance, and the key point is whether the price can stabilize at this level to form sustained support. Currently, the shrinking volume rebound structure is not suitable for opening long positions; the true bottom has never been formed by panic selling, but rather through increased volume and sufficient turnover. At present, the market neither has substantial funds entering nor enough chips exchanging hands, so after a volume-shrinking rebound, a continued downward trend is highly likely.