Current Ethereum 15-minute chart: in the evening, a wave of back-to-back strong bullish candles pushed the price straight up. It surged from the low of 1552 to the high point of 1616. In the short term, the market then showed a strong rebound—when the price climbed to around 1605 near the upper Bollinger Band, it immediately met resistance and came under pressure. After the spike, it quickly printed a pullback bearish candle. During the rally, the trading volume expanded sharply, but now in the pullback phase, volume is shrinking rapidly. The buying that chased the move can no longer keep up, and bullish momentum is clearly overextended. Combined with the freshly released Fed news, the short-term dot plot is maintained, and rate-cut expectations have cooled down directly. The broader market environment suppresses all cryptocurrencies. This rebound is only a short-term capital pump and has no long-term upward support.