On the 4-hour chart, Ethereum staged a corrective rebound from the bottom after establishing a low at 2405. The earlier deep decline fully released bearish pressure, while buying interest emerged at the bottom. The trend is now holding steadily above 2500 and is approaching the Bollinger Band middle line. The MACD histogram remains bullish, with the DIF continuing to rise, and bullish momentum has persisted since the bottoming golden cross. The lower Bollinger Band has turned upward, the downtrend channel has been repaired, and a bottom structure is gradually taking shape. Although trading volume during this rebound is lower than during the high-volume decline, it reflects a modest return of funds after prices stabilized. There is a slight net inflow of funds, and buying continues to provide support. Price is currently testing the key resistance at the Bollinger Band middle line. If a 4-hour candlestick closes firmly above the middle line on increased volume, the rebound could extend further and challenge the upper Bollinger Band.
Reference: Long at 2503, target 2543, stop 30$ETH