Cycle (15m): Strong surge, but overbought and currently on an upward short-term trend — 15-minute moving average bullish alignment (MA7 > MA30 > MA120), with ADX reaching 52, indicating a very strong directional trend. However, both CCI and WR are entering overbought territory, and MACD histogram shows a bullish divergence signal, suggesting that this short-term spike has consumed a lot of momentum, and a pullback is highly likely.

Medium-term (4h): SAR is capping the rally, and the trend is leaning bearish — this period shows the greatest divergence. Although the price has rebounded above 2100+, the 4-hour SAR remains above the price, technically still indicating a bearish trend. RSI has just hit 70.3, entering overbought, and combined with CCI at 217, after a recent surge, a pressure test is likely — whether it can effectively break through the SAR will determine if a mid-term reversal is possible.
Long-term (Daily): In a big bear market, a small rebound — the daily chart still shows a bearish pattern: MA7 < MA30 < MA120, with a triple bearish alignment, and the distance from the previous high is still near 2500, which is quite significant. The only bullish support is that the daily SAR has flipped from below to above, indicating some structural support for the current rebound. However, the Bollinger Bands have narrowed to their lowest level recently — a trend reversal is imminent, but the direction remains uncertain.
Fundamental and technical factors favoring an upward move include increased volume (trading volume nearly twice the 7-day average), forming a double bottom yesterday, and the Ethereum Foundation has recently staked nearly 70k ETH. BitMine continues large-scale buying — all these factors provide strong narrative support for a short-term rebound. #Gate广场四月发帖挑战 $ETH