The 4-hour K-line chart for Ethereum ($ETH ) is currently forming an ascending pattern, characterized by a rising bottom support level, reflecting that market buying power is steadily and consistently gathering. The price has successfully broken through and stabilized above the middle band of the Bollinger Bands, marking a gradual recovery in market sentiment from lower levels. From a short-term perspective, Ethereum has effectively broken through the consolidation range formed last Friday, displaying clear signs of a technical rebound. The current key resistance level is around $2590, which coincides with the upper boundary of the current ascending channel. The MACD indicator shows a golden cross, and trading volume is moderately increasing, all of which further validate the reliability of the current rebound trend. Overall, Ethereum is at a critical juncture where technical factors and market sentiment are corroborating each other. If it can effectively break through the upper channel resistance, it may open up greater upside potential, with the current price around 2560, and a short-term target looking at 2650.