Using 4623 as the core watershed, the trend direction and operational references are as follows:
1. Stabilizing above the watershed (bullish trend continues)
- Judgment criteria: If the night pullback does not break below 4623, the 1-2 hour bullish pattern remains unchanged, and upward momentum continues.
- Key focus on resistance levels (can serve as short-term upward targets or resistance verification points):
- Around 4705
- Around 4736
- Around 4758
2. Breaching the watershed and failing to rebound (pullback trend starts)
- Judgment criteria: If it breaks below 4623 and fails to rebound, the 1-2 hour level will turn into a pullback, and downward risks need to be heeded.
- Key focus on support levels (can serve as pullback buffers or potential stop-loss reference points):
- Around 4575
- Around 4545
- Around 4507
Summary:
Need to track the effectiveness of price breaking through/retesting 4623 in real time, further confirm the trend combined with trading volume, candlestick patterns, and other signals, and strictly set take-profit and stop-loss points, prioritize risk control with light positions, and avoid blind decisions based on a single point.$ETH #以太坊走势分析 
