From the current perspective, after a decline, Ethereum has formed a rounding bottom and successfully reversed the short-term trend. On the 4-hour chart, this rebound is not over yet, and the bullish momentum continues to increase. Although the price pulled back slightly after breaking through 1800 in the early morning, it did not break below the key support level. On the 1-hour chart, the KDJ three lines are turning upward again, and the MACD bearish momentum is shrinking. It is expected that the consolidation instead of decline will end here, and there will be another rebound.