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Ethereum is currently in a recovery phase after the pullback, not directly starting a new round of one-sided gains. The first key resistance above is 2480‑2487, the previous consolidation range. If it fails to break through this area, it will come under pressure and fall again after the rebound. The key support below is 2438‑2442. As long as this range holds, the short-term rebound structure will remain intact; once it falls back below it, it will test the 2412 low again.

【Price Trend Analysis】 1. K-line Patterns: * Recent 4-hour K-lines show the price fluctuating within the 2400-2500 range, with bulls and bears locked in a stalemate. * The latest 4-hour K-line is a small bullish candle, with the closing price near the high, but trading volume has contracted, indicating insufficient upward momentum. * The previous 4-hour K-line (August 26, 04:00) had a long lower shadow, indicating buying support near 2400. 2. Technical Indicators: * MACD: The 4-hour MACD DIF line has crossed below the DEA line, forming a death cross. The MACD histogram is negative and continuing downward, indicating bearish short-term momentum. * RSI: The 4-hour RSI is 58.59, in the neutral zone, but has retreated from the previous overbought zone, indicating weakening short-term upward momentum and a need for a pullback. * EMA: The price is currently below EMA7 (2464.71), with EMA7 forming short-term resistance. However, the price remains above EMA30 (2406.16) and EMA120 (2144.19), and the moving averages are in a bullish alignment, so the medium- and long-term trend remains upward. 3. Trading Volume: * Trading volume on the latest 4-hour K-line has contracted significantly, indicating that the current price increase lacks volume support and that market sentiment is strongly cautious. * Recently, K-lines showing high-volume stagnation or high-volume declines appeared in the 2480-2500 range, indicating selling pressure in this area.$ETH ‌$BTC ‌$MU