In terms of Ethereum, last night the price surged to around 2088 but faced resistance and quickly fell back to around 2007. Later in the early morning, it attempted to push higher again, but both attempts to reach the 2085 area failed to break through, indicating that there is still significant selling pressure above this level and short-term resistance is concentrated.

From the four-hour structure perspective, the previous price found support at around 1916 and rebounded, with bullish sentiment driving the market to surge rapidly, even briefly breaking above the upper Bollinger Band. However, the continuation after the breakout was weak, and the price quickly retreated to the middle band for support, followed by another rebound. Although the overall momentum is relatively strong, it appears more like a corrective rebound after a decline rather than a true trend reversal.

Therefore, in terms of trading strategy, it is still more prudent to focus on shorting rebounds.

Refer to short positions around 2055, and around 2080.
Watch for potential pullbacks to the 2000–1950 range.

In simple terms, the current market shows strong rebound momentum, but the height is limited. Under key resistance levels, the main approach remains to go short on upward moves.