Ethereum’s daily chart remains in an upward channel; the MACD turns up after crossing above the zero axis. The market shows an SMS small reversal pattern. A break above the 2000 to 2009 range could enable a bear-market reversal.

On the 4-hour chart, price surged high with a spike and then fell; it briefly dipped below the previous low and quickly recovered, and the bulls’ base is solid. Both the EMA and naked K-lines are all bullish, with the larger trend dominated by bulls.
In the short term, the market is stuck in consolidation. Don’t chase new positions; keep both sides from追仓. The core support is 1900. If this level is not broken on the pullback, only do pullback buy-ins. If there’s no high-quality opportunity today, stay out of the market and observe; ahead of the weekend, expect violent swings of a hundred points—be cautious when trading.