From the technical analysis on the 4-hour level, Ethereum is currently constrained by the middle band of the Bollinger Bands, showing a wide range of oscillation. The market is experiencing intense competition between buyers and sellers, which can be clearly observed from the alternating appearance of bullish and bearish candles on the daily chart, indicating that the forces of bulls and bears are in a relatively balanced state.

It is worth noting that although the intraday trend appears slightly weak, the key support level has been successfully defended multiple times. This phenomenon indicates that the buying power below remains strong, laying a solid foundation for a potential reversal trend in the future.

The current rebound momentum is limited, but the bottom pattern is gradually becoming clear, and the market has begun to release positive signals. From a technical indicator perspective, Ethereum is expected to break upwards and test important resistance levels.

In the short term, the 2470-2490 area is a key trading range, and the target price is expected to be around 2550-2600. Investors should pay attention to risk management and set reasonable stop-loss levels.