ETH's performance on the 4-hour cycle is worth paying attention to. After breaking through the mid-line resistance earlier, it stabilized above it, and recent movements have been oscillating within a range. The key issue is whether the support below can hold — this directly determines the subsequent direction. As long as the price does not break below this support level, the rebound logic remains valid. From a technical perspective, the next focus is on the first horizontal resistance line above, which is the initial target for the rebound. There are no signs of a breakdown yet, so we continue to be bullish.