【4E: ETH Technical Expectations for a Rebound, Macro and Market Sentiment Intertwined】On August 26, according to 4E observations, Tom Lee team's analyst Mark Newton pointed out that Ethereum (ETH) has a good risk-reward ratio around $4,300. If the bullish trend continues, ETH is expected to rebound from this level, breaking through $5,100 and climbing towards the $5,400-$5,450 range, which has significant technical implications. Newton accurately predicted last week that ETH would find a bottom around $4,070. On the macro front, political risks in the U.S. have intensified. Trump signed an executive order to dismiss Federal Reserve board member Cook, raising concerns about the independence of the Federal Reserve. The dollar weakened, while non-dollar currencies and gold surged significantly. Both CICC and UBS have indicated that Powell's speech at Jackson Hole should not be viewed as the beginning of a series of easing measures, as the politicization of the Fed may increase actual borrowing costs. Institutions remain bullish on the long-term logic of ETH. Fidelity stated in its latest report that Ethereum has the potential to become the core of global collaboration but still needs to address value capture challenges posed by competing chains and modularization. 4E reminds investors: The technical aspects and institutional expectations for ETH are positive, but short-term volatility is increasing, compounded by macro and policy uncertainties. Investors are advised to pay attention to support and resistance ranges and to manage their positions accordingly.