According to market analysis on April 17, 2025, Ethereum (ETH) shows certain rebound signs on the four-hour trend, but the overall market remains in a relatively complex oscillation pattern.

Current Market Analysis

• Price Trend: ETH broke below $1600 in the morning of April 17 but then rebounded, currently hovering around $1600. From the four-hour chart, a small-level convergence triangle breakout was observed, but the breakout direction was downward, although the drop was limited, with the lowest point around $1540.

• Support and Resistance: Currently, $1585 is an important short-term support level. As long as the one-hour closing price does not fall below this level, the market can still rebound. The resistance range above is between $1688-1700; if this range can be broken, the market is expected to strengthen further.

• Market Sentiment and Capital Flow: On-chain data shows that there is an accumulation zone for ETH in the range of $1600-1800, with an increase in net outflow from exchanges and gradually weakening selling pressure. Additionally, a whale has accumulated 4520.87 ETH at an average price of $1576 over the past 17 hours, indicating some large funds are optimistic about ETH.

Market Outlook

• Short-term Market: If ETH can stabilize above $1600 on the four-hour chart and break through the resistance range of $1688-1700, then the short-term market is likely to strengthen further, challenging resistance levels of $1800 or even higher.

• Long-term Market: In the long term, ETH's trend still needs to focus on technological upgrades, ecological recovery, and changes in regulatory policies. If the Pectra sharding upgrade can solve the ZK-Rollup compatibility issues, it may increase TPS and attract developers back, thereby providing strong support for ETH prices.

Risk Warning

• Market Volatility Risk: The cryptocurrency market is highly volatile; ETH prices may experience significant fluctuations in a short period, and investors should operate cautiously and manage risk.

• Technical and Ecological Risks: ETH's technological upgrades and ecological development significantly impact its price. If upgrades fall short of expectations or ecological development is hindered, it may negatively affect the price.

In summary, ETH's four-hour trend shows certain rebound signs, but whether it can rise above $1700 and strengthen further still depends on market sentiment, capital flow, and technical breakout situations. Investors should consider their risk tolerance when participating in trading and allocate assets accordingly.