Ethereum shows a narrow consolidation fluctuation during the day, and at night, it is crucial to focus on the key position of 1590 points and the contest between bulls and bears at the 4-hour level to determine whether the short-term rebound market will start.

Rebound bullish logic and targets:

If the 4-hour candlestick closing price effectively stabilizes above the 1590 point level, it indicates that the momentum for a minor rebound is initially established, and the market is expected to begin an upward structure. The upper resistance levels can be observed in three tiers:

1. First resistance level at 1616 points: corresponding to the upper edge of the recent consolidation range, a breakthrough may open up short-term rebound space;

2. Second resistance level at 1656 points: near previous temporary highs, it is necessary to be cautious of bulls encountering resistance here and falling back;

3. Third resistance level at 1690 points: if the rebound continues to strengthen, this position may become a short-term target, approaching the key resistance area of the mid-term trend.

Pullback risks and support range:

If the 4-hour closing line at night fails to stand above 1590 points, or even the real candlestick falls below this position, it indicates insufficient momentum for a minor rebound, and the market may continue its weak adjustment. The support levels below are as follows:

1. First support level at 1562 points: the lower edge of the consolidation range, providing initial support;

2. Second support level at 1538 points: corresponding to a key moving average support at the 4-hour level, if breached, it may trigger further selling pressure;

3. Third support level at 1505 points: a strong support area further down, near recent lows, is an important defense point for bulls.

Operation strategy and key points to note:

- Given the strong correlation between Ethereum and Bitcoin, it is necessary to pay close attention to Bitcoin's night performance and its impact on Ethereum, especially the breakthrough situation at the key level of 84500 points;

- In the phase of directional choice after consolidation, changes in trading volume are an important reference indicator. If it stabilizes at 1590 points with increased volume, the rebound is more credible; conversely, a volume-less rebound requires caution against the risk of false signals;

- It is recommended to control positions in operation, and one can try a light long position after stabilizing above 1590 points, with a stop loss set below 1562 points; if unable to break through, then observe or reduce positions on highs to avoid falling into range-bound losses;

- Pay attention to changes in market liquidity at night; there can be short-term drastic fluctuations during the early morning hours, and one should guard against the impact of spike movements on stop loss and take profit points.

In summary, the 1590 point level serves as the starting signal point for Ethereum's 4-hour rebound; its closing performance will determine the short-term direction of the market tonight. Everyone needs to closely track the effectiveness of this position and the volume-price relationship, and flexibly adjust trading strategies.#以太坊走势 $ETH