After experiencing weekend consolidation, ETH's rebound pace is obviously weaker than Bitcoin and SOL.
Continuous low-level narrow consolidation. ETH only followed with a rebound after Bitcoin confirmed the upward breakout and started to rebound.
The rebound strength is average, and the volume has also noticeably decreased. Continuous bullish strength is needed to have a chance to regain above 4680 and return to a bullish framework.
Similar to Bitcoin, from this evening until tomorrow afternoon, observe the rebound and pullback testing the resistance around 4680. After breaking through and stabilizing, continue the upward rebound to test the previous high.
If the rebound is weak and unable to test, the potential target for the fifth segment of the 4H level pullback is around 4300.
Resistance above: 4580/4620/4674/4716/4750/4788
Support below: 4372/4320/4240/4170
#ETH