ETH is in a struggle between the M-top and the tower bottom at the 4H level, with resistance above and support below. It can be traded step by step, but it is not yet a trending opportunity. Aggressive positions that did not take profit during the rise can only suffer small passive losses.

From the daily trend perspective, after breaking through resistance, the price has not consolidated for long enough and has not fully repaired the downward MA30, which does not support a sustained price increase. There still needs to be an adjustment process, and specific changes need to be observed in the intensity during the small-level pullback process.

From the 4H trend perspective, the current market has reached the first support mentioned earlier through a large bearish candle. This type of bearish candle usually comes with downward aftershocks, and this kind of support usually results in a slow decline but is also unlikely to have a significant rebound. It is recommended to take profits on short-term pullbacks and wait with new positions for a while.