Last night, Ethereum surged to 2560 but quickly retreated to 2490 after facing resistance, then executed a beautiful V-shaped reversal. The current price has stabilized above 2545. From a technical perspective, this rapid dip completed a retest confirmation of the key level at 2500, demonstrating strong buying support below. On the 4-hour chart, the price has reclaimed the MA7 moving average, and the MACD green bars are starting to shrink, indicating that the short-term adjustment may be nearing its end.

Currently, Ethereum has recovered most of the losses from earlier in the morning, and a clear upward trend line support has formed on the hourly chart. It is worth noting that this pullback did not break the previous low key support level at 2480, and during the rebound, the trading volume has increased moderately, suggesting that the bulls still have control. If it can maintain above 2550 during the day, it is likely to challenge the resistance zone of 2560-2580 again, and a breakout would open up new upward space.

It is recommended to primarily adopt a long strategy during the pullback, focusing on the support effect in the 2520-2530 range. Consider gradually entering long positions, with a stop loss set below 2500. If the price can effectively break through the resistance level at 2560, you can increase your position and target the 2580-2600 range. Close attention should be paid to the correlation with Bitcoin's trend; if Bitcoin stabilizes and rebounds, Ethereum is likely to continue its rebound rhythm. (Market volatility has increased, please strictly control position risk.)