【ETH】From the 4H timeframe:

Recently, ETH has been range-trading with wide fluctuations for some time.
In the evening, ETH broke back above the 1900 level again.
But a short-term breakout does not necessarily mean ETH has formed a reversal.
This position is not the key ETH watershed boundary.
Next, the focus should be on the key resistance level around 1950.
As long as ETH cannot effectively hold above 1950,
then you can defend around the high range near 1900-1920,
with the key positions being just before the 1950 prior high.
The downside target is simply around 1750.
Only if institutional funds continue to flow back,
the macro environment improves,
and geopolitical risks truly ease,
can the market confirm a valid bottom.
Any prior rebounds were just a lure!