ETH 15-minute cycle: the early session saw a strong surge, with a daily gain of 5.05%. Net inflows of funds were 352 million, and long positions moved in, pushing the price to a high of 1896.86 before a slight pullback; the current price is 1876.59. Overall, the market maintains a high-level consolidation pattern. The low at 1777.61 forms strong support, while 1897 is the near-term strong resistance. After the spike, volume has somewhat contracted and bullish momentum has slightly weakened. In the short term, it will most likely trade in a range of 1870-1897 for consolidation. If it breaks through the prior high on increased volume, the uptrend should continue; if it faces resistance and falls back, 1860 and 1777.61 will be key supports in order. For trading, it’s not advisable to chase; wait for a pullback to support or a breakout on rising volume before making a decision.