Ethereum's rebound momentum is insufficient, and the downward space is relatively limited compared to Bitcoin, presenting a narrow fluctuation pattern overall, with a tug-of-war between bulls and bears in a stalemate. From a technical perspective, the price is still operating within the parallel channel of the 4-hour Bollinger Bands, and the MACD indicator is narrowing for the second time, requiring close attention to the effectiveness of the breakthrough at the middle track's resistance in the short-term trend direction; although the RSI indicator shows a bottom turning upwards signal, the upward momentum is weak, and the KDJ indicator has formed a dead cross with three lines diverging downwards, indicating that the overall bearish dominance has not changed. In the short term, focus on the effectiveness of the support in the MA120 and MA180 range, while also paying attention to the defensive performance at the 3000 integer level.