1. If the continuation from 1400 to 4950 is the first wave of Ethereum's new upward trend, then Ethereum has already retraced to the extreme Fibonacci retracement level of 0.9 (theoretically retracing up to 99.9%). 2. This rebound needs to be higher to avoid falling below this low again, so that the hypothesis can be continued.
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1. If the continuation from 1400 to 4950 is the first wave of Ethereum's new upward trend, then Ethereum has already retraced to the extreme Fibonacci retracement level of 0.9 (theoretically retracing up to 99.9%). 2. This rebound needs to be higher to avoid falling below this low again, so that the hypothesis can be continued.