Last night, Ethereum rebounded in the early hours, briefly rising above the 1600 level. But as trading volume weakened in the latter half of the night, the price fell back below the 1600 mark again. From the current trend, it appears the price is gradually moving back toward the area near the box structure. Combined with indicators on the lower timeframes, this pullback has not yet finished. For the day session, the approach is to first look for a further continuation of the pullback.