Overnight ETH successfully established short-term support around $4160, followed by a mild rebound. Previously, the price fluctuated around the 4180 level, showing typical characteristics of a corrective trend.

From the 4-hour chart, the price formed a double bottom pattern near 4160, and the MACD indicator showed a divergence signal.

The hourly Bollinger Bands are starting to constrict, indicating that the market is building new momentum for volatility.

The key support area of 4150-4190 has formed a dense trading zone, where there is strong bullish defense.

Gradually build long positions in the 4150-4190 range.

First look at the resistance at the previous high of 4260; if broken, the mid-term resistance level of 4350 can be targeted with a stop loss at 4130.#BTC重返12万