ETH short-term rebound as expected, this wave of 300 points

Combining the 1H and 4H candlesticks in the chart, ETH experienced a violent drop yesterday, hitting a low of 2111, showing a weak rebound recovery after the sharp decline in the short term. The current rebound strength is still constrained by multiple moving average resistances, belonging to the 'deep fall rebound' logic, with a focus on short-term speculation.

1. Trend logic analysis:

Short-term structure observation (1-hour chart)

Last night, there was a strong spike to 2111, followed by bulls initiating a stop-loss recovery, currently rising to near the middle Bollinger Band and EMA20;
The short-term moving averages are converging upwards, likely forming a preliminary golden cross, indicating that short-term funds are attempting to push up;