In simple terms: ETH had a small drop, then bounced back strongly. It looks like buyers are stepping in and trying to push the price higher, but there’s also some resistance around the $4,620–$4,640 zone where sellers show up.

ETH is “resting” a bit after climbing. Short-term, it’s bouncing between $4,560 and $4,640. Long-term, it still looks strong unless it drops under $4,500.